Release date: 2 February 2010
Promoter – Financial Intermediary
Cementir Holding S.p.A.
Location
Description
Modernisation of an existing cement production plant located in Taranto (Southern Italy) with energy-efficient machinery and technology allowing for lower emissions, lower energy consumption and use of recycled materials in the cement production process.
Objectives
The project will result in significant energy efficiency improvements in terms of (i) electricity and fuel consumption and (ii) substituting conventional fossil fuels and making better use of raw materials, with the possible treatment of fly ashes.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 90 million.
Total cost (Approximate amount)
To be determined.
Environmental aspects
The cement plant component of the project falls under Annex II of the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC and an EIA is required. This is under preparation by an external specialised consultant. No specific problems are expected as the project is taking place in an existing plant, replacing old production equipment with BAT technology. The project will have several environmental benefits.
Procurement
No specific problems are expected with a private-sector company that obtains, directly or indirectly, the equipment and services for its project amongst the few specialised international engineering companies and suppliers. This procedure is likely to be in line with the Bank’s procurement procedures for private projects. To be verified during appraisal.
Status
Signed - 20/12/2010
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).