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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

    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.

    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) - 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

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    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.
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    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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