Release date: 4 June 2010
Promoter – Financial Intermediary
ENI S.p.A.
Location
Description
Construction and operation of a new oil processing unit adjacent to the existing refinery at Sannazzaro (northern Italy). The unit utilises a hydrocracking process based on an innovative technology (Eni Slurry Technology), developed and patented by the promoter. The new technology can fully convert fuel oils and extra-heavy oils into high value, low sulphur gasoils and other middle distillates thus reducing significantly the amount of residues.
Objectives
The financing of this project will contribute to the Bank’s lending priority policy on energy and knowledge economy.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 400 million.
Total cost (Approximate amount)
Up to EUR 985 million.
Environmental aspects
The project concerns investments adjacent to an existing refinery to convert heavy oil products into high quality fuels. Due to its technical characteristics and potential impacts on the environment, an EIA is required by the environmental authorities. Such an EIA has been conducted and awaits approval by the Italian authorities.
Procurement
The project is a private sector operation not subject to EU public procurement legislation.
Status
Signed - 12/11/2010
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).