JASMINEX

Traceable Organic Jasmine Export Platform

Jasminex is a Dutch-led, DFI-aligned infrastructure platform designed to develop and operate province-based clusters for the production and export of Thai Organic Jasmine Rice.

The platform integrates structured contract farming, fixed-price turnkey infrastructure, segregated campaign milling, and institutional governance under an EU HoldCo structure. Jasminex is positioned not as a trading business, but as a scalable, replicable agrifood infrastructure model designed for long-term supply stability and capital discipline.

From farmer contract to EU export, Jasminex delivers a governed and traceable supply chain engineered for institutional capital.

Pilot Development

Cluster #1 – Phase 1

The first pilot cluster represents the operational validation of the Jasminex platform.

Cluster #1 – Phase 1 is structured as:

• 8 Sub-Modules (expandable to 10)

• 2,000 rai per sub-module

• Fully organic production

• Campaign-based milling for identity preservation

• Segregated storage and lot traceability

Each sub-module integrates:

• Contract-farmed Organic Jasmine cultivation

• Dedicated paddy storage allocation

• Quarantine buffer capacity

• Dedicated milled rice storage

• Structured intake and campaign milling protocol

Total pilot output is designed to reach approximately:

4,000–5,000 tons per year of Organic Jasmine Rice

The pilot’s objective is to validate engineering, governance, market absorption, and financial performance prior to provincial expansion.

KPI Snapshot

Capacity

• 4,000–5,000 tons/year (Cluster #1 Phase 1)

• 8 standardized sub-modules

• 30–40 tons/day milling line

CAPEX

• Estimated €6.7–7.2 million (infrastructure only)

• Fixed-Price Turnkey EPC

• German-led storage and integration engineering

Working Capital

• Approximately €2.0–2.3 million

• 3-month inventory policy

• Structured paddy procurement model

EPC Timeline

• 14–15 months construction and commissioning

• Performance-guaranteed completion

• Independent technical oversight

Market Allocation (Pilot)

• EU export focus

• US specialty organic importers

• 5–10% domestic allocation (white-label and controlled brand pilot)

• Diversified offtake structure (no single-buyer dependency)

The pilot is structured to operate within conservative market pricing assumptions, prioritizing stability and utilization over speculative margin expansion.

Why Jasminex

1. Bankable Infrastructure Model

Jasminex is structured as a capital-disciplined infrastructure platform, not a speculative agritrading venture.

• Ring-fenced project SPVs per cluster

• Fixed-price turnkey EPC execution

• Performance guarantees and defined yield benchmarks

• Structured working capital management

• Project-level debt financing (DFI aligned)

This framework reduces execution risk and supports institutional debt participation.

2. Replicable Modular Architecture

The platform is built on a standardized sub-module template.

Each cluster consists of 8–10 identical units that can be replicated province-by-province without structural redesign.

Expansion is triggered only when:

• Utilization exceeds defined thresholds

• Forward contracts are secured

• Debt service coverage remains stable

• Agronomy compliance is verified

This disciplined scaling approach differentiates Jasminex from capacity-driven exporters.

3. DFI-Grade Governance

Jasminex operates under a three-tier structure:

• Jasminex Holding B.V. (Netherlands) – EU HoldCo and capital platform

• Jasminex Thailand Holding Co., Ltd. – Operational governance

• Cluster-level SPVs – Ring-fenced asset entities

Target shareholder structure:

• Sponsor – 35%

• Development Finance Institutions – 45%

• Strategic investors – 20%

This governance model supports transparency, institutional reporting, and long-term capital alignment.

4. Structured Contract Farming & Traceability

Jasminex integrates contract farming under a seed-advance model.

• Certified Organic Jasmine seed deployment

• Field-level record keeping

• Segregated lot intake

• Campaign-based milling

• Dedicated storage allocation

Blending across farmer groups is avoided in the pilot phase to preserve traceability and audit readiness.

Year 1 focuses on operational organic compliance.
Year 2 introduces a controlled Alternate Wetting & Drying (AWD) pilot for low-carbon rice production.

Carbon integration is phased and data-driven, ensuring project viability independent of carbon credit revenues.

5. Institutional Export Positioning

Jasminex focuses exclusively on Thai Organic Jasmine Rice.

The platform targets:

• EU organic private-label importers

• US specialty organic distributors

• Diversified strategic partners

Jasminex accepts market-based pricing and is engineered for resilience under moderate price fluctuations. The objective is supply stability and governance credibility, not premium positioning speculation.

Strategic Outlook

Cluster #1 serves as the flagship validation of:

• Engineering reliability

• Agronomy discipline

• Market integration

• Financial bankability

Following pilot stabilization, Jasminex will expand province-by-province using the same standardized cluster template:

• Small province: 2 clusters

• Medium province: 3 clusters

• Large province: 4 clusters

This expansion model is incremental, disciplined, and aligned with capital efficiency principles.