Post on 10-Sep-2020
Biobased workshop 2018
Alain Cracau Amsterdam, March 19 - 2018
Green growth and finance
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Rabobank at a glance
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What we do – some 2017 examples
• Total sustainable financing € 18,9 bn (SDG 12)
• Sustainable transactions arranged € 6,2 bn (SDG12)
• Total investments in renewables € 3,4 bn (SDG 7)
• Issued Green Bond € 500 mln for new projects
(SDG 7)
• Chair climate smart agriculture WBCSD (SDG 17)
• Sustainability performance of our larger corporate
clients measured (SDG 8)
• Partnership UN Environment (SDG 17)
Our contribution to the UN Sustainability Goals
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Evolution from risk to value
Environmental focus Sustainability focus Circular focus
Risk Compliance Cost reduction
Eco- efficiency
Systems level
innovation
Value Creation
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Shared long term view
1000 3000 2000
Oil c
onsu
mpti
on
Agribased Biobased A brief
moment
in history
Earth’s resources are finite , human ingenuity and solar energy are infinite
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Biorefinery for all purposes
Biorefinery
Proteins
Sugars
Oils &
Lipids
Ligno
cellulose
Packaging & disposables
Consumer goods Personal care
Automotive
Food additives
Building & construction
Textiles
Paints, lubricants, waxes
Plant constituents
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Cascading the value
Health
Biomaterials
Bulkchem
Energy
Food & Feed
Value
Volume
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Money goes “green” –rapid & steep growth
Total Market Green bond
$150Bn
Total Market Green bond
$0 BN
2012 5 years time 2017
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Access to finance issues……..
• Growth potential is appealing for
financial market participants, but high
perceived risks and growth is long term
• Information asymmetry and technology
risk limit investment which steers private
capital towards more mature projects.
• Risk-sharing financial instruments should
further be developed and more
awareness, which mobilize private capital.
• Regulation and market and demand
framework conditions are most
important drivers but also biggest risks
• Funding gaps exist in scaling up pilots
and flagships
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• A strong focus on (renewable) energy and infrastructure with a global portfolio of more than 100
projects
• Expertise in cashflow based financing with a limited recourse character
• Based on future contracted cash flows, we design and deliver innovative financing solutions
• We have in-depth knowledge of the industries we serve. Given the ‘technology heavy’
component in Project Finance, this understanding of the business is essential to
maximising the added value for our client
• In line with our core focus on Food and Agri and sustainability, valorisation of waste and
biofuels production are attractive markets for Rabobank
• Through our ‘Agri-meets-Chemicals’ platform, Rabobank has developed strong knowledge and a
wide network in this sector
Rabobank Project Finance offers financing and advisory for renewables and infrastructure projects
Sector focus
Who we are and what we do
Renew
able
s
• On&offshore
wind
• Solar (CSP and
PV)
• Biomass
• Geothermal
Oil &
gas
• Tank storage
• LNG
• Pipelines
Off
shore
serv
ices
• FPSOs
• Tugboats
• Specialised
vessels
Infr
astr
uctu
re &
U
tilities
• Roads and
bridges
• Buildings
• Telecom
• Power plants and
district heating
Food &
Agri
and B
iore
finin
g
• Primary
processing
• Energy solutions
• Biorefining
Senior debt (construction & term loans)
Mezzanine financing
Provide access to institutional investors
Financial advisory (debt and equity)
VAT- facilities, Guarantees, Letters of Credit
Hedging, cash management, agency services
Product offering Global Footprint
Office Presence
Rabobank No. 1 MLA transactions in the Dutch infrastructure
sector, 2017
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Rabobank dedicated to developments in biobased
Organiser of bio-economy Conferences
2017– Agri meets Chemicals IV
2016 – Bio Economy Utrecht
2016 – Agri meets Chemicals III
2015 – Agri meets Chemicals II
2014 – Agri meets Chemicals I
Publishing reports on biochemicals
• Bioplastics moving to the beet
• Joint publications with deloitte:
• Opportunities for the fermentation based chemical industry
• Viability of biobased chemicals from beet sugar in Delfzijl
• Packaging strategies and the Circular Economy
Member of biobased network
• Bio-based Industries Consortium
• Biobased Circular Business NL
Development Capital
• SHIFT Invest
• Dutch Greentech Fund
• Rabo PE
Financing to the bio-refinery and waste to power sectors. :
Draff & Wood to heat & power, Scotland
Recycled wood & Solid Waste to power, England
Various, virgin wood to power, USA
Meat and Bone Meal to heat and power, England
Biowaste to Power, NL
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Integral Approach to achieve Tailor-made Financing Solution
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Project Finance
Export Finance
Markets
Knowledge & Network
• Focus on the ex- and imports of capital goods and services
• Increased liquidity and lower cost due to ECA coverage
• Hedging of commodity price risks
• Hedging of interest rates and foreign exchange
• Hedging advisory and execution co-ordination
• In-depth knowledge of waste to energy projects and the PF market
• Strong relationships with EIB and relevant ECAs
• Commitment to innovative, circular and bio-economy development
• Strong focus on advising, structuring, arranging and underwriting
(complex) project finance transactions
• Flexible approach to risk and return allocation scenarios
Add value to Bio-refinery Projects by combining expertise across the entire spectrum of financing
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• Bio-economy to take center stage in post oil era
• Momentum for many clients and regions to play a distinctive role to capture
opportunities
• Bio-chemicals in Rabobank’s sweetspot (F&A, Circular Economy )
• Closing the gap on innovation and scale-up projects with strong expertise,
networks and collaboration with public-private financing
Summary
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Rabobank is committed to
Thank you