Release date: 11 August 2009
Promoter – Financial IntermediaryDanieli S.p.A.
The project consists of Danieli’s R&D-investments in iron and steel-making processes, including the construction of a pilot, rolling and forging mill for high quality, long steel products.
The project aims to attain higher production efficiency by better quality, lower energy consumption and enhanced environmental sustainability.
Proposed EIB finance (Approximate amount)
Up to EUR 85 million.
Total cost (Approximate amount)
Up to EUR 175 million.
Although the investments in research and development that will be carried out in existing facilities, already authorised, are expected not to necessitate an Environmental Impact Assessment (EIA), the investment in the pilot forging line falls under Annex II of the EIA Directive 85/337/EC amended by Directives 97/11/EC and 2003/35/EC and therefore would require an EIA. During the project’s due diligence, the Bank’s services will verify the competent authority’s determination whether the project has been subject to an assessment.
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.
Signed - 21/12/2010
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).