IDB Invest and Paracel sign a mandate to assess the development of Paraguay’s first sustainable industrial forestry hub

Paracel S.A., a leading company in Paraguay’s forestry sector, has signed a mandate with IDB Invest for the development of a comprehensive industrial hub aimed at consolidating the wood value chain and laying the groundwork for a future expansion of its pulp mill in Concepción (Paraguay).

The investment project in the industrial hub would include the construction of essential infrastructure like transmission lines, a private river port, and other works that would attract new industries linked to the sector, such as such as biofuels, textiles and cardboard, MDF boards, biochar, metallurgical biocarbon, and sustainable chemicals. In addition, long-term financing is currently under review by IDB Invest.

Moreover, IDB Invest would also provide technical assistance Paracel in order to strengthen compliance with high-level environmental and social standards.