Terms
- Announced
- 6 Sept 2022
- Instrument
- Debt
- Amount
- US$1.74mReported as EUR 1.75m, converted at 0.9918 USD/EUR (September 2022 average)
- Source
- nefco.int
Parties
- Project developer
- MASH Makes A/S
- Recipient type
- Technology company
- Country
- Denmark
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Nefco Investor US$1.74m Sole provider: the whole transaction
Carbon
- Pathway
- Biochar
Structure and cover
- Structure flag
- Plain loan
What happened
- For the first commercial plant, four containerised biochar reactors in Karnataka. Security package not disclosed, which is not the same as none.
Kumo note
- A Nordic public lender funded the first commercial plant of a Danish company building in India, which is the kind of first-of-a-kind risk commercial lenders do not take.
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