Release date: 3 January 2012
Promoter – Financial Intermediary
Papeles y Cartones de Europa SA
Location
Description
The project consists of investments within the 2011-2014 strategic plan to upgrade papermill and paperboard installations in Spain, France and Portugal. Further, an increase of the promoter’s forestry assets is included.
Objectives
The investments will help to produce lighter, more resource efficient products, based on more energy efficient technologies.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 232 million
Environmental aspects
The project consists mainly in the upgrading of existing paper mills that have operational permits issued in accordance with IPPC Directive for the final capacities.
Procurement
The promoter is a private company that is not operating in the utilities sector, and is thus not covered by EU Directives on procurement.
Status
Signed - 27/07/2012
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).