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Reference: 20070195
Release date: 8 June 2007

Promoter – Financial Intermediary

CUF Group

Location

Description

Partial replacement and expansion of the production facilities of chlorine, nitric acid and mononitrobenzene (MNB) / aniline on the promoter’s existing chemical site located in the region of Estarreja (Central Coastal Portugal).

Objectives

Increase in production capacity using the best available technology, contributing to the development and competitiveness of the region’s chemical industry and the modernisation of the promoter’s industrial operations, thereby meeting EU objectives on economic convergence and environmental sustainability.

Comments

Basic Chemicals.

Sector(s)

Proposed EIB finance (Approximate amount)

To be defined.

Total cost (Approximate amount)

Estimated at some EUR 125 million.

Environmental aspects

An EIA is being carried out in conformity with the requirements of the EIA directive.

Procurement

The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.

Status

Signed - 18/04/2008

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).

Related tags

Portugal Industry