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SAICA Venizel

Date of entry

17/12/2007

Promoter – Financial Intermediary
Sociedad Anónima Industrias Celulosa Aragonesa (SAICA)
Location
  • France
  • Spain
Description
The project concerns primarily environmental and RDI investments in France and Spain respectively.
Objectives
The RDI programme of the project aims to improve and consolidate the promoter’s competences in paper board production and product technologies whereas the modernization of the paper machine aims at changing the raw material of the mill to using 100% waste paper instead of semi-chemical pulp, this latter being less environmentally friendly

 

Comments
 
Sector(s)
  • Industry
Proposed EIB finance

Up to EUR 43.7 million.

Total cost

Approximately EUR 87.4 million.

Environmental aspects
In accordance with the Bank’s environmental policy, SAICA will ensure that the national legislations and EU directives will be applied as regards the environmental protection. Full environmental details will be assessed during the appraisal, including possible impacts on protected flora and fauna (Habitats’ 92/43/EEC and Birds’ 79/409/EEC Directives).

 

Procurement

The promoter is a private company that is not operating in the Utilities sector, and is thus not covered by EU Directives on procurement. The promoter carries out competitive international consultations among potential suppliers for goods and services, which is standard practice for this industry.

Status

Signed   -   19/06/2008.

Related Documents
  • 17-12-2007 - Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) FR


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