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    Signature(s)

    Amount
    € 40,000,000
    Countries
    Sector(s)
    Romania : € 40,000,000
    Industry : € 40,000,000
    Signature date(s)
    30/12/2009 : € 40,000,000

    Summary sheet

    Release date
    1 September 2009
    Status
    Reference
    Signed | 30/12/2009
    20080448
    Project name
    Promoter - financial intermediary
    Prio Oil Extraction Romania
    Prio SGPS SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 40 million
    EUR 93.05 million
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the construction and operation of a seed crushing and oil extraction plant in Lehliu-Gara, Calarasi County, Romania. The annual production of the plant will be 265 kt vegetable oil and 400 kt of protein expeller based on about 830 kt of rapeseeds, sunflower seeds and soya beans. The plant will be located on the site of the recently built biodiesel production plant of the beneficiary (not included in the project).

    The project contributes to the Bank’s priority lending objectives "Convergence / Convergence Regions" as well as "Energy Projects incl. TENs / Renewable Energy."

    Environmental aspects
    Procurement

    Manufacturing of vegetable oils and fats is included in Annex II of the EIA Directive 85/337/EEC (amended by Directives 97/11/EEC and 2003/35/EC) and in the provisions of the IPPC directive 01/2008/EC. The competent Romanian authority has requested an EIA for the project and will require an IPPC permit at commissioning. The status and details of the EIA and IPPC procedure and other relevant environmental and occupational health and safety (OHS) procedures have been analysed during the appraisal.

    The project has been granted the environmental agreement (Accord de Mediu) which concludes the EIA procedure on October 5th, 2009.

    The promoter, a private company, is not subject to EU Directives on procurement.

    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.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    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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