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    Reference: 20160904
    Release date: 10 February 2017

    Promoter – Financial Intermediary

    FASSA Srl

    Location

    Description

    The project comprises the promoter's investments in research, development and innovation on building materials for the construction sector as well as capital investments to upgrade existing production sites. The project includes also the greenfield development of a new production facility in Italy.

    Objectives

    The project activities aim to develop innovative building materials to serve the construction sector, allowing for improved energy efficiency of refurbished and new buildings as well as improved construction. As such this part of the project, if successful, is expected to contribute to climate change mitigation. The capital investments aim to improve the efficiency, productivity and safety in the workplace of existing production sites and the development of a new production facility.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 40 million

    Total cost (Approximate amount)

    EUR 82 million

    Environmental aspects

    All project activities will be carried out in existing facilities and laboratories that will not change their already authorised scope and therefore do not require an environmental impact assessment (EIA) under Directive 2011/92/EU as amended. One project component, namely the greenfield development of a new production facility, is expected to require an EIA. All the environmental details will be assessed during the due diligence.

    Procurement

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.

    Status

    Signed - 4/08/2017

    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