Plantations et Huileries du Congo SA (PHC) is a Congolese company which operates three long established palm oil plantations in the Democratic Republic of the Congo (DRC) close to the river Congo. PHC produces mainly crude palm oil and palm kernel oil which is sold domestically in the DRC.
DEG, BIO, EAIF and FMO provide a long term loan facility in an amount of up to USD 49 million (DEG: USD 16.5 million, BIO: USD 11 million, EAIF: USD 5 million, FMO: USD 16.5 million). The funds of DEG, BIO, EAIF and FMO shall be used to finance investments into replanting, equipment, fertiliser and environmental and social governance.Through their involvement, the DFIs promote the implementation of high environmental, social and corporate governance standards via an “Environmental and Social Action Plan”.
The project has an important impact on development in the DRC:
Website Feronia: www.feronia.com
Promotor is Feronia
Senior loan
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