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Signature(s)

Amount
€ 25,000,000
Countries
Sector(s)
Spain : € 6,500,000
Portugal : € 18,500,000
Industry : € 25,000,000
Signature date(s)
10/07/2015 : € 6,500,000
10/07/2015 : € 18,500,000
Link to source
Data sheet

Summary sheet

Release date
22 August 2014
Status
Reference
Signed | 10/07/2015
20140351
Project name
Promoter - financial intermediary
SAPEC AGRO RDI
SAPEC - AGRO SA
TRADE CORPORATION INTERNATIONAL SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 25 million
EUR 50 million
Location
Sector(s)
Description
Objectives

Funding the Sapec Group investments in Research, Development and Innovation (RDI) related to the research, development and registration of plant protection products for agricultural use covering the period from 2014 to 2019.

To promote private sector and competitive innovation; maintain existing employment and generate new positions; launch of new products addressing farmers' needs and with an environmental and toxicological profile which will be fully compliant with the demanding regulatory framework in the EU.

Environmental aspects
Procurement

The investment program foresees capital investments at the existing production sites of the Promoter to incorporate process innovations and modifications required for the production of the new products. These modifications to permitted industrial chemistry complexes could potentially fall under Annex II of the EIA Directive 2011/92/EU. Compliance of the different components of the proposed RDI investment programme with relevant EU legislation will be verified during appraisal.

The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU directives on procurement.

Link to source
Summary sheet

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).

Documents

Environmental and Social Data Sheet (ESDS) - SAPEC AGRO RDI
Publication Date
21 Apr 2015
Document language
Main Topic
Lending
Document Number
58542928
Document Focus
Environmental Information
Project Number
20140351
Sector(s)
Regions
Countries
Publicly available
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