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    Signature(s)

    Amount
    € 15,000,000
    Countries
    Sector(s)
    Italy : € 15,000,000
    Industry : € 15,000,000
    Signature date(s)
    26/03/2018 : € 7,500,000
    26/03/2018 : € 7,500,000
    Link to source

    Summary sheet

    Release date
    27 September 2017
    Status
    Reference
    Signed | 26/03/2018
    20170593
    Project name
    Promoter - financial intermediary
    NEWLISI (EGFF)
    Newlisi
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 15 million
    EUR 42 million
    Location
    Sector(s)
    Description
    Objectives

    Newlisi, headquartered in Milan, Italy, is a sludge-treatment technology company that develops systems for the gradual reduction of sewage sludge.

    The promoter's investments concern financing of research and development (R&D) operational expenses, capital expenditure (capex) for the equipment that will be provided to customers according to the rental business model and financing of the permanent increase in net working capital and operating expenditures to support the company's business growth. These investments will support the implementation of Newlisi's growth strategy to enter and expand into the sludge-management process carried out by utilities, by offering an innovative solution which allows utilities to materially reduce sludge volumes and hence reduce sludge disposal costs and environmental impact.

    Environmental aspects
    Procurement

    The main part of the project activities concern research, development and innovation (RDI) expenditures that are expected to be carried out in existing facilities without changing their already authorised scope and would therefore not require an environmental impact assessment (EIA) under Directive 2014/52/EU amending EIA Directive 2011/92/EU. A smaller part of the project, however, concerns manufacturing-related expenditures that could fall under Annex II of the EIA Directive. The Bank will review during the project appraisal whether any of the investments requires an EIA, as well as any other environmental details of the project.

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.

    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).

    scoreboard - EUROPEAN GROWTH FINANCE FACILITY
    Publication Date
    13 Sep 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    122912044
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20170859
    Last update
    19 Aug 2020
    Sector(s)
    Industry
    Publicly available
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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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