Release date: 17 December 2007
Promoter – Financial Intermediary
Sociedad Anónima Industrias Celulosa Aragonesa (SAICA)
The project concerns primarily environmental and RDI investments in France and Spain respectively.
The RDI programme of the project aims to improve and consolidate the promoter’s competences in paper board production and product technologies whereas the modernization of the paper machine aims at changing the raw material of the mill to using 100% waste paper instead of semi-chemical pulp, this latter being less environmentally friendly
Proposed EIB finance (Approximate amount)
Up to EUR 43.7 million.
Total cost (Approximate amount)
Approximately EUR 87.4 million.
In accordance with the Bank’s environmental policy, SAICA will ensure that the national legislations and EU directives will be applied as regards the environmental protection. Full environmental details will be assessed during the appraisal, including possible impacts on protected flora and fauna (Habitats’ 92/43/EEC and Birds’ 79/409/EEC Directives).
The promoter is a private company that is not operating in the Utilities sector, and is thus not covered by EU Directives on procurement. The promoter carries out competitive international consultations among potential suppliers for goods and services, which is standard practice for this industry.
Signed - 19/06/2008
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).