NEWS
BNDES supports Veracel Celulose’s forestry program
03/26/2024 Since 2 months
The National Bank for Economic and Social Development (BNDES) has approved financing for the forestry program of the company Veracel Celulose S.A., for an amount in local currency equivalent to nearly 40 million dollars. The resources will be allocated to the planting and reforestation of eucalyptus trees on an area of more than 20 thousand hectares in the interior of the State of Bahia, guaranteeing the production of cellulose in a sustainable manner.
Brazil is the second largest global producer of pulp and the tenth largest global producer of paper. Veracel Celulose produces about 1.1 million tons of cellulose annually from eucalyptus fiber.
LATEST NEWS
BNDES signs agreements with SFB and IDB for forest concession projects
The National Bank for Economic and Social Development (BNDES) of Brazil has signed a Technical Cooperation Agreement (ACT) with the Brazilian Forest Service Bank (SFB) and an agreement with the Inter-American Developm...
Since 2 weeks
Read More
Landmark renewable energy project in Bahamas runs with IDB Invest support
The Fairfield Solar Plant, developed by the company Lucayas Solar Power Ltd. and financed by IDB Invest under a 25-year power purchase agreement (PPA) framework, has begun operating as the first solar plant in the Bah...
Since 2 weeks
Read More
Promoting Inclusion and Gender Equality through the Financial Sector
This IDB Invest shows how the private sector has proactively addressed gender equality and provides concrete examples of what has worked in some Latin American and Caribbean (LAC) region companies.
Gender Parity In...
Since 3 weeks
Read More