Release date: 23 September 2009
Promoter – Financial Intermediary
Dioki d.d. and its subsidiary Dina Petrokemija d.dLocation
Description
The project concerns restart of an existing vinylchloride monomer (VCM) plant and the construction of a polyvinyl chloride (PVC) production plant at Dina’s industrial complex in Omisalj on the island of Krk.
Objectives
The project aims at meeting local and international demand while improving the competitiveness of Dina and the environmental performance of the existing facilities.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 35 million.
Total cost (Approximate amount)
EUR 70 million.
Environmental aspects
As an expansion of an existing chemical site, the project falls under Annex II of EU Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC on Environmental Impact Assessment (EIA). No EIA has been required for the restarting and partial refurbishment of the VCM plant, while a full EIA has been conducted for the construction of the PVC plant. Approval was granted in May 2007.
Procurement
The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives 2004/18/CE.
Status
Signed - 15/04/2010