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    Signature(s)

    Amount
    € 34,000,000
    Countries
    Sector(s)
    Croatia : € 34,000,000
    Industry : € 34,000,000
    Signature date(s)
    15/04/2010 : € 34,000,000
    Link to source

    Summary sheet

    Release date
    23 September 2009
    Status
    Reference
    Signed | 15/04/2010
    20090315
    Project name
    Promoter - financial intermediary
    Dina VCM-PVC Plant Construction
    Dioki d.d. and its subsidiary Dina Petrokemija d.d
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 35 million.
    EUR 70 million.
    Location
    Sector(s)
    Description
    Objectives

    The project concerns restart of an existing vinylchloride monomer (VCM) plant and the construction of a polyvinyl chloride (PVC) production plant at Dina’s industrial complex in Omisalj on the island of Krk.

    The project aims at meeting local and international demand while improving the competitiveness of Dina and the environmental performance of the existing facilities.

    Environmental aspects
    Procurement

    As an expansion of an existing chemical site, the project falls under Annex II of EU Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC on Environmental Impact Assessment (EIA). No EIA has been required for the restarting and partial refurbishment of the VCM plant, while a full EIA has been conducted for the construction of the PVC plant. Approval was granted in May 2007.

    The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives 2004/18/CE.

    Link to source

    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).

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