SONAGRE

ABOUT

WHO WE ARE | TEAM

SONAGRE was established in Madrid on August 3, 2023, with the European Unified Identification Number (EUID) ES28065.082184858. Its purpose was to act as a holding company for the development of the Projects described in this presentation.

Each project will be managed by a Company or Group of Companies that can operate independently, although dependent of SONAGRE. All of them share a common philosophy: the “Circular Economy,” each serving as a link in a chain that enables fully renewable production. This structure will provide greater agility and management independence to the holding company.

SONAGRE’s CEO is, José Fernando Zato y Gómez de Liaño, Civil Engineer.

SONAGRE’s projects are the result of years of research by public and private sector professionals, all top-level experts in the disciplines that make up the company: Silicon, Lithium-ion Batteries (LIB), Energy, Oil & Gas, Chips, and most recently Offshore Wind Power.

Each of these teams has been working independently, yet in a coordinated manner, on the technical evaluations of the projects and their basic designs, on market studies, on financing needs, and on the design of each of the holding companies. The holding’s structure will be completed with the acquisition of stakes in several engineering companies that will develop SONAGRE’s know-how and coordinate the integration and commissioning of its complexes.

VALUES

VALUES

All SONAGRE projects are developed strictly following the principles of the Circular Economy according to the UNECE (United Nations Economic Commission for Europe), which implies that:

At least 90 percent of all raw materials used come from reuse and at least 90 percent will be recoverable.
The energy consumed comes from renewable
The production process does not contribute pollution to the environment.

The Circular Economy is a regenerative system in which resource input and waste, emissions, and energy leaks are minimized through design, maintenance, repair, reuse, sharing, reconditioning, and, ultimately, the recovery of raw materials to manufacture new elements.

It is the opposite of the throwaway philosophy that has dominated consumption since the 1990’s.

The key to achieving this goal is a strong investment in technology and the human resources to develop it. Each area of work at SONAGRE will have its own R&D department supported by specialized university research centers, funding its activities with up to 15% of the profit from each production complex.

INVESTMENT & FINANCING

The volume of financing required for the development of Sonagre projects implies highly complex documentation that has been submitted to all financial institutions. SONAGRE has adapted its feasibility studies to the credit assessment standards established by the Basel III guidelines for corporations, specifically Section 20.48 of CRE20, version of January 1, 2023, published by the Basel Committee.

SONAGRE’s projects are financed with a mix of equity and already approved FID (Final Investment Decision) financing agreements, syndicated by an AA-rated Italian bank and two other AAA+-rated European banks.

Investment in the Onubensis Chips and Onubensis Green Projects will be undertaken through reinvestment of project returns from the Onubensis Silicon complex.

All SONAGRE funds will be managed through a financial institution, CECA Austral, currently under construction, with a tax domicile in the Canary Islands and executive offices in Madrid and Palma de Mallorca.

SONAGRE’s technical team that has collaborated in the development of the project since its inception, will be complemented by the technicians who are currently part of the subsidiaries of SAMIR as well as experts in the different areas from other engineering companies where SONAGRE has a stake.

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