Varennes Carbon

Varennes Carbon Recycling Plant Project - CIB Loan

Borrower(s)
Varennes Carbon
Industry
Renewables/Biomass
Area of finance
Project & Infrastructure Finance
Region
North America
North America
Countries
Canada

Deal Overview

A C$277 million ($204 million) loan to a joint-venture partnership planning to build a biofuel facility in Quebec.The joint venture involving Shell, Suncor, Proman and the government of Quebec will build the Varennes Carbon Recycling (VCR) biorefinery to convert waste into biofuels and circular...

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Deal Volume
$201.43m
Financial Close
27/03/2023
Dealmakers

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Tranches

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Project Deals

Varennes Carbon Recycling Plant Project
$683m
Greenfield
Biomass
North America
North America
Canada