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    Signature(s)

    Amount
    € 110,000,000
    Countries
    Sector(s)
    Italy : € 110,000,000
    Industry : € 110,000,000
    Signature date(s)
    18/12/2015 : € 30,000,000
    20/05/2016 : € 40,000,000
    4/04/2016 : € 40,000,000

    Summary sheet

    Release date
    28 August 2015
    Status
    Reference
    Signed | 18/12/2015
    20150316
    Project name
    Promoter - financial intermediary
    RAFFINERIA DI MILAZZO
    RAFFINERIA DI MILAZZO SCPA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 110 million
    EUR 236 million
    Location
    Sector(s)
    Description
    Objectives

    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.

    Environmental aspects
    Procurement

    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.

    Disclaimer

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - RAFFINERIA DI MILAZZO
    Publication Date
    6 Jan 2016
    Document language
    Main Topic
    Lending
    Document Number
    63895060
    Document Focus
    Environmental Information
    Project Number
    20150316
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    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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