ANNOUNCEMENT 18 Dec 2014

On 18 December 2014, the Brazilian Development Bank (BNDES) announced to finance biofuel producer Abengoa Bioenergia Agroindústria S.A. The loan includes the condition to source capital goods from Brazil.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 18 Dec 2014 | Removal date: open ended
Still in force

State loan

Brazilian Development Bank (BNDES) announced to finance biofuel producer Abengoa Bioenergia Agroindústria S.A. with a 309.6 million real (USD 103.09 million) loan. The sum will be invested to build a second generation (2G) ethanol plant. The measure is considered to be discriminatory since the Brazilian Development Bank provides credits with below-market interest rates only to legal persons (private or public) based in Brazil.

AFFECTED SECTORS

 

AFFECTED PRODUCTS