Jalles 2024

pending

Jalles Machado S.A. (“Jalles”, “Jalles Machado”, or the “company”) is a sugar/ethanol producer in Brazil operating three mills, Jalles Machado (UJM), Otavio Lage (UOL) in the State of Goiás in Brazil, and Santa Vitoria (USV) in the State of Minas Gerais. The company has a crushing capacity of 9 million tons/year of sugarcane and operates over 87.2 thousand hectares of land under cultivation for sugar cane. In FY23, the company achieved a production output of 305,600 tons of sugar (both conventional and organic varieties) and produced 393,100 cubic meters of ethanol. Additionally, it generated 268,000 MWh of electricity through cogeneration, 64% of which was successfully supplied to the National Interconnected System (SNI). The proposed $60 million IFC investment aims to support the company’s capital expenditure needs for its recently acquired third mill (2022), USV, with a primary focus on replanting and crop treatment to enhance sugarcane productivity. Specifically, IFC’s investment will help Jalles increase USV's sugarcane yield from 60.2 tons/ha in FY23 to 78.8 tons/ha by FY27 through climate-smart agricultural improvements. This boost in productivity is projected to raise USV's cane crushing from 1.8 million tons to 2.7 million tons, supporting higher bagasse and renewable energy output.