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Signature(s)

Amount
€ 10,000,000
Countries
Sector(s)
Germany : € 10,000,000
Industry : € 10,000,000
Signature date(s)
15/03/2010 : € 10,000,000
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Summary sheet

Release date
30 September 2008
Status
Reference
Signed | 15/03/2010
20080431
Project name
Promoter - financial intermediary
Sol Risparmio Energetico

Sol S.p.A. or its subsidiaries.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Indicatively, EUR 40 million.
Indicatively, EUR 90 million.
Location
Sector(s)
Description
Objectives

The project consists in the construction of a new air separation unit, at the promoter’s existing facilities in Piombino, and the construction of a liquefaction plant in Frankfurt am Main.

The Project will imply a substantial increase in energy efficiency.

Environmental aspects
Procurement

Although the Project will be realised on existing industrial sites, the replacement and expansion of production facilities fall under annex II of the directive EC/97/11. Whether an EIA has been requested by the competent authorities or not, and environmental studies conducted will be verified during appraisal.

The Promoter is not, in this Project, a contracting entity falling under public procurement legislation in the EU. Therefore, the Project falls outside the scope of the given directive.

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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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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 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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