PURATOS RDI

Promoter – Financial Intermediary

PURATOS GROUP NV

Location

• Belgium

Description

Financing Puratos RDI programme, focused in particular on the development of new enzymes and nutritional components.

Objectives

The project concerns the promoter’s RDI expenditures related to ingredients and solutions employed by a wide range of food processors: artisanal to industrial bakers and patissiers, chocolatiers and food service. The main research projects are structured around nutrition and taste. Other priority is to develop new technological tools and services to help customers to grow their business.

Comments

The project will be financed from the Risk Sharing Finance Facility (RSFF), which is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

Sector(s)

• Industry

Proposed EIB finance (Approximate amount)

EUR 45 million

Total cost (Approximate amount)

EUR 99 million

Environmental aspects

The project concerns investments in Research and Development that are expected to be carried out in existing facilities, already authorised, and which would therefore not require an EIA under Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. At appraisal, it will be determined if any of the work to be carried out would require a change to existing environmental permits.

Procurement

The promoter is a private company not operating in the utilities sector, and is thus not covered by EU Directives on procurement.

Status

Signed - 7/03/2013