Coruripe Mill secures international financing of R$ 530 million to expand sugarcane and renewable energy production.
The Coruripe mill announced, this Thursday (2), the acquisition of an international financing worth R$ 530 million, structured by three global banks — Proparco (France), FMO (Netherlands), and FinDev (Canada).
The funds will be applied to the sustainable cultivation of sugarcane in certified areas located in Alagoas and Minas Gerais.
The operation, with a term of eight years and a three-year grace period, aims to increase the production of ethanol and sugar, as well as strengthen the generation of renewable energy in the country.
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This initiative occurs at a strategic moment for the sugar-energy sector, which seeks to accelerate the transition to a low-carbon economy.
International financing strengthens the strategy of Coruripe mill
The new international financing arrives just a few days after the company completed another significant fundraising in the domestic market.
This demonstrates, therefore, the confidence of national and foreign investors in the governance and business model of the company.
According to a statement from Proparco, the institution that led the operation, “this financing is entirely dedicated to Coruripe’s capital expenditure plan related to the production of ethanol and sugar from certified sugarcane.”
Furthermore, the initiative reinforces the importance of Coruripe mill within the sugar-energy sector, especially regarding sustainability and innovation in the field.
Sustainable sugarcane production gains momentum
With the resources, the company intends to expand essential activities such as replanting, maintenance, and agricultural operations. These actions are fundamental to ensure productivity and quality in the production of sugarcane.
At the same time, the investment will allow the management of about 70 thousand hectares of certified areas. These certifications, such as Bonsucro and ISCC Corsia Plus, ensure that production follows strict environmental and social sustainability criteria.
Proparco also highlighted that “by supporting the cultivation of certified sugarcane, the project will contribute to the transition to low-carbon energy sources, while strengthening the resilience and sustainability of an important agricultural value chain.”
Direct impact on renewable energy generation
Another relevant point of the international financing is the direct impact on the expansion of renewable energy. The production of ethanol, derived from sugarcane, is considered a clean alternative to fossil fuels.
According to the company, the expectation is to reduce approximately 270 thousand tons of CO₂ equivalent per year. This number reinforces the strategic role of the sugar-energy sector in Brazil in the global climate agenda.
In this context, the investment contributes not only to economic growth but also to increasingly demanding environmental goals.
International partnerships expand impact in the sugar-energy sector
The participation of institutions such as Proparco, FMO, and FinDev demonstrates global interest in Brazil’s potential. These organizations are known for financing projects with positive social and environmental impact.
The Vice President of FinDev Canada, Paulo Martelli, stated:
“FinDev Canada is proud to support Brazil’s decarbonization efforts through its investment in Coruripe mill.”
He added:
“By establishing partnerships with committed institutions, such as Proparco and FMO, we promote greater development impact in the ethanol sector, strengthening local markets and advancing the climate action and gender equality agenda across the country.”
Governance and credibility drive access to international financing
Internally, the operation is seen as a significant milestone. The company’s CFO, Rafael Venâncio de Oliveira, highlighted the importance of access to this type of resource.
“The operation symbolizes the maturity of our governance and credibility in the global market, in addition to consolidating a fundamental milestone for the capital structure and forward-looking vision of our company,” he stated.
He further emphasized:
“Accessing this type of credit is a privilege of a very select group of local and international companies.”
Coruripe Mill expands its role in the sugar-energy sector
The company’s president, Mario Lorencatto, reinforced that the company’s strategy is aligned with innovation and sustainability. According to him, investments are continuous and also involve the development of employees.
“With this new partnership, we will continue our path of economic growth, in addition to contributing to the socio-environmental development of our country,” he stated.
Currently, the Coruripe mill is one of the largest in the sugar-energy sector in Brazil, with a strong presence in the North and Northeast and significant expansion in Minas Gerais.
Perspectives for the sugar-energy sector in Brazil
In light of this scenario, the new international financing reinforces a growing trend: the strengthening of sustainable projects in Brazilian agribusiness.
Thus, the Coruripe mill positions itself as one of the main players in the energy transition, using sugarcane as a basis for generating renewable energy and economic development.
Finally, the movement signals that the sugar-energy sector will continue to attract global investments, especially those aimed at sustainability and innovation.
See more at: Coruripe Mill obtains international financing of R$ 530 million and Coruripe Mill obtains international financing of R$530 million – SIAMIG

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