Paracel: Sustainable Forestry and Competitive Infrastructure Financing

proposed

Paracel S.A. (“Paracel,” the “Company,” or the “Client”) is developing a large-scale pulp project in Concepción and Amambay, Paraguay, which includes the construction of an industrial plant for bleached eucalyptus Kraft pulp, with an annual production capacity of 1.8 million tons, a forestry program covering 203,000 hectares, and various complementary civil works, (i.e., power lines, substations, port, and access roads) the “Pulp Project”.The Pulp Project was approved by IDB Invest in 2022, and since then, Paracel has been complying with the requirements established in both IDB Invest’s Environmental and Social Sustainability Policy and the Environmental and Social Action Plan agreed upon by the parties.