Cocal turns to IFC to boost production

Cocal turns to IFC to boost production

Loans Debt World Bank International Financial Institutions Energy Gas Brazil

Brazilian sugar and ethanol company Grupo Cocal has arranged $70 million in financing through the International Finance Corporation (IFC) to expand production, according to a press release on Wednesday. Cocal will use the money for a $92 million investment program to build a new plant and replant 27,000 hectares of sugarcane plantations with "climate-smart techniques," IFC said in the press release.  IFC also said it contributed $40 million to the loan and arranged $30 million through Itaú BBA a

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