Release date: 10 December 2014
Promoter – Financial Intermediary
Private companyLocation
Description
Investments aiming to expand and improve the efficiency of the production cycle in existing fertilisers and chemicals plants
Objectives
This is an extensive long-term investment programme to modernise and optimise both process and product performance, while enabling more efficient consumption of energy and raw materials. These measures will contribute to strengthening the company’s position, especially on the Polish market, by expanding its product portfolio of fertilisers and plastics to higher value-added products, to adapt to changing demand and become more market-oriented. The project is located in less-developed EU regions, and is therefore eligible under Article 309 point (a) projects for developing less-developed regions (Economic and Social Cohesion).
Sector(s)
Proposed EIB finance (Approximate amount)
Not disclosed.
Total cost (Approximate amount)
Not disclosed.
Environmental aspects
Four of the five components fall under Annex II of Directive 2011/92/EU; environmental impact assessments (EIA) were requested. The EIA for one component has been established and is currently under public consultation. The EIAs for the 3 other components are still to be established.
Procurement
The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Thus it is not covered by EU directives on procurement. Procedures followed will be verified during appraisal.
Status
Signed - 28/05/2015
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).