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        ERG AMBIENTE ENERGIA SICILIA

        Signature(s)

        Amount
        € 175,000,000
        Countries
        Sector(s)
        Italy : € 175,000,000
        Industry : € 175,000,000
        Signature date(s)
        6/08/2004 : € 175,000,000

        Summary sheet

        Release date
        28 September 2004
        Status
        Reference
        Signed | 06/08/2004
        20040062
        Project name
        Promoter - financial intermediary
        ERG Ambiente Energia Sicilia
        ERG SpA.
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to EUR 175 m.
        EUR 350 m.
        Location
        Sector(s)
        Description
        Objectives

        Environmental upgrading and integration of two coastal refineries.

        Investments will allow the environmental and commercial upgrading of the two refineries located in Priolo Gargallo. The project is expected to lead to reduced emissions and will allow ERG to produce gasoline and diesel according to upcoming tighter EU fuel specifications.

        Environmental aspects
        Procurement

        The project contributes to the production of cleaner fuel and the reduction of the concentration of pollutants in overall emissions from the refineries over the coming years. The objective is to help meeting EU emission requirements for existing industrial combustion installations as required from 2008 on.

        Centralized within ERG SpA that use an e-procurement system where appropriate for smaller and less complicated contracts and standards products. Procurement procedures are in line with EU and national legislation.

        Comments

        Oil refinery.

        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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