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    Signature(s)

    Amount
    € 10,000,000
    Countries
    Sector(s)
    Germany : € 10,000,000
    Industry : € 10,000,000
    Signature date(s)
    15/03/2010 : € 10,000,000

    Summary sheet

    Release date
    30 September 2008
    Status
    Reference
    Signed | 15/03/2010
    20080431
    Project name
    Promoter - financial intermediary
    Sol Risparmio Energetico

    Sol S.p.A. or its subsidiaries.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Indicatively, EUR 40 million.
    Indicatively, EUR 90 million.
    Location
    Sector(s)
    Description
    Objectives

    The project consists in the construction of a new air separation unit, at the promoter’s existing facilities in Piombino, and the construction of a liquefaction plant in Frankfurt am Main.

    The Project will imply a substantial increase in energy efficiency.

    Environmental aspects
    Procurement

    Although the Project will be realised on existing industrial sites, the replacement and expansion of production facilities fall under annex II of the directive EC/97/11. Whether an EIA has been requested by the competent authorities or not, and environmental studies conducted will be verified during appraisal.

    The Promoter is not, in this Project, a contracting entity falling under public procurement legislation in the EU. Therefore, the Project falls outside the scope of the given directive.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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