UPDATE 1-Brazil soy crusher Caramuru gets $80 mln loan linked to sustainability goals
(Adds more details on loan)
SAO PAULO, Sept 28 (Reuters) - Caramuru Alimentos, the largest Brazilian-owned soybean processor, this week secured an $80 million loan linked to sustainability goals, with proceeds earmarked to invest in the production and export of non-transgenic soymeal, Chief Executive Julio Costa told Reuters on Wednesday.
The company will build a new plant for processing non-GMO soybean meal in the state of Goias, which will need total investments of 250 million reais ($46.79 million), Costa said.
The plant is expected to start operations next July and will have an estimated processing capacity of 100,000 tonnes.
The firm's plans also include investing 75 million reais to finish a warehouse with capacity for 120,000 tonnes of non-GMO soymeal in Mato Grosso, Brazil's top grain state, he added.
Caramuru already supplies non-GMO soymeal to Norway, where buyers use it as fishmeal, and intends to expand to Asian and Australian markets.
This is the first loan taken by the company linked to sustainability targets. As part of its agreements with banks, Caramuru is expected to cut greenhouse gas emissions and to expand the supply chain traceability of the raw material. ($1 = 5.3425 reais) (Reporting by Nayara Figueiredo; Writing by Ana Mano; Editing by Leslie Adler and Jonathan Oatis)
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