The project consists of various investments at a refinery located on the northern coast of Sicily. A third of the total investment will aim at improving the energy efficiency of the plant by installing heat-recovery systems in four existing process units; a third will be directed to adding a sulphur-recovery unit to the refinery to improve the reliability index of the refinery and the remaining part will be used to comply with the Italian environmental legislation with regard to the protection of groundwater and to overhaul the fire-fighting system.
The operation intends to reduce the plant's atmospheric emissions, to improve its energy efficiency and to upgrade its fire-fighting capabilities.
The project is not expected to require an environmental impact assessment (EIA). All environmental authorisations and relevant documents including the operational and construction permits will be reviewed during the project's due diligence.
The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation, then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation.
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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.
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.