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    Reference: 20150447
    Release date: 28 August 2015

    Promoter – Financial Intermediary

    NOVAMONT SPA

    Location

    Description

    Financing of investments for the development of an integrated supply chain in the field of biochemicals and bioplastics.

    Objectives

    The project concerns the deployment of innovative process technologies for the production of bioplastics and bio-chemicals that are expected to be used for a number of industrial (e.g. plasticisers, biodegradable lubricant oils for industry and vehicles) and consumer goods (e.g. renewable and biodegradable base for cosmetics, carrier bags, films and packaging) applications.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 30 million

    Total cost (Approximate amount)

    EUR 105 million

    Environmental aspects

    The project includes investment in research and development (R&D) that are expected to be carried out in existing facilities already authorised for the same purpose and that would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU (amended 2014/52/EU). However, the project will also include other types of investments such as capacity expansion through installation of new production lines in existing chemical plants and associated upstream and downstream activities which may fall under the EIA Directive and Industrial Emissions Directive (2010/75 EC). This as well as any other environmental aspects will be verified during the project appraisal.

    Procurement

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that the project will follow the relevant applicable EU procurement legislation.

    Status

    Signed - 18/12/2015

    Disclaimer

    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).

    Related tags

    Italy Industry