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Abocol
Environmental & Social Review Summary

This Environmental and Social Review Summary is prepared and distributed in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board of Director’s decision. Board dates are estimates only.
Any documentation which is attached to this Environmental and Social Review Summary has been prepared by the project sponsor and authorization has been given for public release. IFC has reviewed this documentation and considers that it is of adequate quality to be released to the public but does not endorse the content.
Project number 26175
Country
Colombia
RegionLatin America and the Caribbean
SectorNitrogenous Fertilizer
Department
Company nameAbocol
Environmental category:B
StatusActive
Date ESRS disclosedJune 5, 2008
Last Updated DateJune 9, 2008
Previous EventsInvested: February 19, 2009
Signed: October 24, 2008
Approved: October 6, 2008
View Summary of Proposed Investment (SPI), click here

OverviewCategory &

Applicable Standards
Key Issues

& Mitigation
Community/

Engagements
Client's

Documentation

Overview of IFC's scope of review
The review of this project consisted of appraising technical, environmental, health, safety and social information submitted by the company, and assessing the company’s operations through a field visit conducted by the project team. The environmental and social (E&S) appraisal team visited the company operations. The E&S team held meetings with the management staff at different departments of the company to discuss the E&S issues.
Project description
Abonos Colombianos S.A. (Abocol or the company) main production facilities are concentrated in the industrial area of Mamonal, Cartagena, Colombia. In addition, Abocol has bulk blending plants in two cities in central Colombia - Villavicencio and Espinal. The company also has four subsidiaries, as follows: FLIQ, a liquid and solubles facility in Bogota, Sociedad Portuaria Mamonal S.A. a private port adapted for 8,000 ton vessels in Cartagena, and two products distributors, one in Villavicencio –Fertillanos- and a second one in Costa Rica –Abocol Costa Rica-.

Abocol operations in Cartagena, which include:


- the South Plant which consist of an NPK (Nitrogen-Phosphorus-Potassium) Plant, two ammonium nitrate plants, and a calcium nitrate plant, and
- the North Plant which is conformed by two nitric acid plants NAN1 and NAN2, an ammonia plant, and the utilities complex, and
- a terminal designed to receive ships up to 8,000 tons of capacity used to received raw materials and dispatch products.

Abocol produces fertilizers (NPK, calcium nitrate, straights, blends, and foliars –liquid fertilizers) and industrial products (ammonia, nitric acid, and ammonium nitrate 83%) and commercialize straights fertilizers.


Abocol has approached IFC with a request for a corporate loan to support the company to expand its operations and to help funding improvements and upgrades to its existing operations in Colombia. As part of this project, Abocol will implement two projects.

The first project involves upgrading the technology of the current NPK plant, through the ODDA process maintaining its production capacity at 300,000 MTY of NPK solid granulated, producing the raw material for the production of 100,000 MTY of solid granulated calcium nitrate as by-product, and replacing 85% of mono ammonium phosphate usage with phosphate rock as raw material.


The second project involves:


- installing a nitric acid plant, with capacity to produce about 80,000 MTY,
- installing an ammonium nitrate solution plant with capacity to produce about 82,000 MTY, and
- building a calcium nitrate plant, with capacity to produce about 100,000 MTY of calcium nitrate solid granulated and 25.000 MTY of calcium nitrate liquid 100% concentration by 2009.

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