Release date: 27 October 2015
Promoter – Financial Intermediary
PURATOS NVLocation
Description
Financing Puratos' research, development and innovation (RDI) programme in food ingredients focused in particular on leveraging fermentation technology and optimising the nutritional composition of foods.
Objectives
The operation targets the promoter's RDI programme in the areas of nutrition, taste, texture, food processing and shelf life extension. The activities will be predominantly carried out in Belgium between 2016 and 2018. This operation would be the second loan to the promoter and represent the continuation of the RDI programme carried out between 2012 and 2015.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 40 million
Total cost (Approximate amount)
EUR 96 million
Environmental aspects
The project concerns investments in research and development that are expected to be carried out in existing facilities, already authorised, and which would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. At appraisal, it will be determined if any of the activities to be carried out would require a change to existing environmental permits.
Procurement
The promoter is a private company not operating in the utilities sector, and is thus not covered by EU directives on procurement.
Status
Signed - 21/12/2015
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).