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    Reference: 20160908
    Release date: 5 July 2017

    Promoter – Financial Intermediary

    GREENFIBER INTERNATIONAL SA

    Location

    Description

    The project comprises investments to increase the promoter's capacity for: i) collection of recyclable materials; ii) production of polyester staple fibre (PSF) from polyethylene terephthalate (PET) flakes; and iii) recycling of waste electric and electronic equipment (WEEE) in Romania in support of the transition to a circular economy and attainment of national recycling targets.

    Objectives

    The objectives of the project are to enable the promoter to meet increasing demand for PSF and for WEEE treatment, and to increase their own supply of feedstock to the group's recycling operations through expanding the recyclable material collection system.

    Sector(s)

    • Solid waste - Water supply; sewerage, waste management and remediation activities

    Proposed EIB finance (Approximate amount)

    EUR 8 million

    Total cost (Approximate amount)

    EUR 23 million

    Environmental aspects

    The WEEE and PSF components will both be carried out within existing buildings without any expected additional environmental impact.

    Procurement

    The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. The promoter is thus allowed to follow established commercial procurement practices that satisfy the objectives of economy and efficiency.

    Status

    Signed - 20/10/2017

    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

    Romania Solid waste