Release date: 28 September 2004
Promoter – Financial Intermediary
ERG SpA.Location
Description
Environmental upgrading and integration of two coastal refineries.
Objectives
Investments will allow the environmental and commercial upgrading of the two refineries located in Priolo Gargallo. The project is expected to lead to reduced emissions and will allow ERG to produce gasoline and diesel according to upcoming tighter EU fuel specifications.
Comments
Oil refinery.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 175 m.
Total cost (Approximate amount)
EUR 350 m.
Environmental aspects
The project contributes to the production of cleaner fuel and the reduction of the concentration of pollutants in overall emissions from the refineries over the coming years. The objective is to help meeting EU emission requirements for existing industrial combustion installations as required from 2008 on.
Procurement
Centralized within ERG SpA that use an e-procurement system where appropriate for smaller and less complicated contracts and standards products. Procurement procedures are in line with EU and national legislation.
Status
Signed - 6/08/2004
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).