IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 06 Mar 2017 | Removal date: 06 Mar 2019
Still in force

State loan

On 6 March 2017, the Brazilian Company of Innovation and Research (FINEP) provided Caramuru Alimentos S.A. with a BRL 69 million (USD 22 million) credit line. The objective of this financing is to construct a new manufacturing plant to produce soy ethanol and soy lecithin from molasses.

The total estimated cost of the investment is BRL 115 million (circa USD 37 million) and Caramuru Alimentos S.A. is responsible to provide the project with the remaining economic resources and to conclude the plant before 6 March 2019.

 
FINEP lending
The resources enclosed on the programs managed by FINEP are limited to Brazilian companies and seek to boost the national and international competitiveness of these businesses.
 
The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

241 Ethyl alcohol; spirits, liqueurs & spirits
2207 Undenatured ethyl alcohol of an alcoholic strength by volume of 80 % vol. or higher; ethyl alcohol and other spirits, denatured, of any strength.
220710 Undenatured ethyl alcohol of an alcoholic strength by volume of 80 % vol. or higher
352 Pharmaceutical products
2923 Quaternary ammonium salts and hydroxides; lecithins and other phosphoaminolipids, whether or not chemically defined.
292320 Lecithins and other phosphoaminolipids

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