Release date: 3 July 2009
Promoter – Financial Intermediary
Isagro S.p.A., a mid-sized Italian producer of plant protection products based in Milan and listed at the Milan Stock Exchange.
Location
Description
The project concerns investments in Research, Development and Innovation (RDI) related to the discovery, development and registration of plant protection products covering the period from 2010 to 2013 and mainly taking place in Isagro’s RDI facilities in Italy.
Objectives
Upgrade of Isagro’s product portfolio to meet the new environmental and toxicological standards adopted by the European Parliament in January 2009.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 25 million.
Total cost (Approximate amount)
Approximately EUR 56 million.
Environmental aspects
The R&D activities focus on the development of chemical- and biological plant protection products and their authorisation according to the EU regulatory framework, which has recently screened out a significant number of products on eco-toxicological grounds. The project will support implementation of the new EU regulation proposal (Proc. 2006/0136(COD). The promoter will be required to ensure that the provisions of the EIA Directive and those of any other relevant environmental acquis are complied with.
Procurement
The promoter is a private company, not operating in the utilities sector, and is not covered by EU Directives on procurement.
Status
Signed - 16/12/2011
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).