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Signature(s)

Amount
€ 30,000,000
Countries
Sector(s)
Italy : € 30,000,000
Industry : € 30,000,000
Signature date(s)
18/12/2015 : € 15,000,000
29/04/2016 : € 15,000,000
Link to source

Summary sheet

Release date
28 August 2015
Status
Reference
Signed | 18/12/2015
20150447
Project name
Promoter - financial intermediary
NOVAMONT RENEWABLE CHEMISTRY
NOVAMONT SPA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 30 million
EUR 105 million
Location
Sector(s)
Description
Objectives

Financing of investments for the development of an integrated supply chain in the field of biochemicals and bioplastics.

The project concerns the deployment of innovative process technologies for the production of bioplastics and bio-chemicals that are expected to be used for a number of industrial (e.g. plasticisers, biodegradable lubricant oils for industry and vehicles) and consumer goods (e.g. renewable and biodegradable base for cosmetics, carrier bags, films and packaging) applications.

Environmental aspects
Procurement

The project includes investment in research and development (R&D) that are expected to be carried out in existing facilities already authorised for the same purpose and that would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU (amended 2014/52/EU). However, the project will also include other types of investments such as capacity expansion through installation of new production lines in existing chemical plants and associated upstream and downstream activities which may fall under the EIA Directive and Industrial Emissions Directive (2010/75 EC). This as well as any other environmental aspects will be verified during the project appraisal.

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 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 (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that the project will follow the relevant applicable EU procurement legislation.

Link to source
Other links

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) - NOVAMONT RENEWABLE CHEMISTRY
Publication Date
30 Jan 2016
Document language
Main Topic
Lending
Document Number
64468406
Document Focus
Environmental Information
Project Number
20150447
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - NOVAMONT RENEWABLE CHEMISTRY
Publication Date
20 Dec 2022
Document language
Main Topic
Lending
Document Number
160325817
Document Focus
Environmental Information
Project Number
20150447
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.

Media enquiries

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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