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Signature(s)

Amount
€ 110,000,000
Countries
Sector(s)
Portugal : € 110,000,000
Industry : € 110,000,000
Signature date(s)
25/06/2009 : € 30,000,000
28/12/2007 : € 80,000,000
Link to source
Data sheet

Summary sheet

Release date
11 April 2005
Status
Reference
Signed | 28/12/2007
20030599
Project name
Promoter - financial intermediary
Environmental Investment Program for Pulp and Paper Mills
A privately owned company engaged in the production and sale of cellulose pulp, paper and its derivatives.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Total financing of up to 50% of total project cost.
Estimated at EUR 255 million.
Location
Sector(s)
Description
Objectives

The project consists of the modernisation, efficiency improvement and environmental upgrading of the company’s pulp and paper plants in Portugal.

To conform with best available technology and to be in line with the relevant environment EU Directive.

Environmental aspects
Procurement

The main objective of the investment is to adequate the factories to the Integrated Pollution Prevention and Control (“IPPC”) Council Directive, by implementing the Best Available Technologies (“BAT”), thereby reducing the impact on the environment.

The promoter is a private company to which EU Directives on procurement do not apply.

Comments

Pulp and paper.

Other links

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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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