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    Reference: 20160028
    Release date: 26 July 2016

    Promoter – Financial Intermediary

    Private company

    Location

    Description

    Energy and resource efficiency as well as research and development (R&D) investments in sugar and starch plants in Austria, upgrade of a bio-ethanol production unit in Austria and construction of a new sugar packaging plant in Hungary

    Objectives

    The investment underpins the promoter's strategy to increase competitiveness of its business segments through innovation and process optimisation. The modernisation of the existing industrial sites and the investment in improved logistics are expected to decrease its costs by saving energy, water and inputs. The proposed measures will also increase the promoter's environmental sustainability.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Not disclosed.

    Total cost (Approximate amount)

    Not disclosed.

    Environmental aspects

    The project concerns investments for the modernisation and capacity expansion of several existing and already permitted production sites of the promoter that are within the provisions of Annex II of Directive 2011/92/EC. The investments at the bio-ethanol plant imply the modification of a facility that is typified under Annex I of Environmental Impact Assessment (EIA) Directive 2011/92/EC (and its amending Directives). The EIA screening procedure has been initiated. The status and details of the EIA and IED authorization procedures as well as other relevant environmental (e.g. impact on sites of nature conservation) and occupational health and safety (OHS) "acquis" will be assessed at 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 being 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 contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 21/12/2016

    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

    Austria Hungary Industry Energy