Combio Renewables

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ComBio Energia S.A. (“ComBio” or the “Company”), established in 2008, is one of the leading providers of renewable thermal energy solutions from biomass in Brazil (https://combioenergia.com.br/ ). ComBio’s business model consists in installing biomass boilers inside its clients’ facilities, managing its operations and maintenance, and sourcing of the feedstock from renewable and sustainable sources.ComBio has successfully implemented nine projects in different regions of Brazil providing renewable thermal solutions to industrial companies in Brazil. ComBio’s biomass powered steam boilers provide a renewable and cost-effective alternative for clients, reducing CO2, sulfur and nitrogen air emissions (SOx/NOx) in comparison to existing diesel-based boilers thereby improving airshed quality in industrial zones and associated operating costs. The proposed IFC investment is a corporate loan of  up to US$72 million with defined use of proceeds  for (i) the purchase and installation of four boilers for two Ingredion facilities (at Mogi Guaçu - https://maps.app.goo.gl/gY8AgpafNa5i5Vts9 and Balsa Nova - https://maps.app.goo.gl/9fvjBYwM8Cw1qQkk9 (Ingredion supplies food ingredients such as sweeteners, starches and biomaterials to food and beverage companies); and (ii) installation of a new boiler at Pirelli’s facility in Campinas - https://maps.app.goo.gl/j8946myLKVusyD8z8 (Pirelli is an Italian multinational tire manufacturer) (“the Project”).  ComBio operates two boilers of 100 tonnes/hour capacity each at Mogi Guaçu, state of São Paulo which were commissioned in September 2023 next to a production facility owned by Ingredion and two boilers of 50 tonnes/hour capacity commissioned in September 2023 at another production facility owned by Ingredion in the city of Bolsa Nova, state of Paraná. ComBio is currently undertaking construction works for the installation of one boiler of 30 tonnes/hour capacity in Pirelli’s industrial facility located in the city of Campinas, state of São Paulo which is expected to start operations in early 2025.