Summary sheet
Italian manufacturer of low emission power-train systems
The project concerns the promoter’s R&D activities aimed at developing low-emission power-train systems for the automotive industry and particularly: i) hybrid power-train and electric motor wheels and ii) dual fuel systems.
The project will strengthen the know-how in the field of CNG (Compressed Natural Gas) and LPG- (Liquefied Petroleum Gas) based fuel systems and components. It will also contribute to the potential reduction of vehicles carbon dioxide emissions.
The project consists of investments in Research, Development and Innovation that will be carried out in existing facilities already authorised, for which and EIA is therefore not required by EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2000/35/EC. The project comprises also, partly, a new research facility including new test benches for car vehicles. This sub-project is likely to fall under Annex II of the EIA Directive. The Bank’s services will verify all the environmental details and the decision of the competent authorities during the due diligence.
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the appraisal.
The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.