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    Reference: 20170593
    Release date: 27 September 2017

    Promoter – Financial Intermediary

    Newlisi

    Location

    Description

    Newlisi, headquartered in Milan, Italy, is a sludge-treatment technology company that develops systems for the gradual reduction of sewage sludge.

    Objectives

    The promoter's investments concern financing of research and development (R&D) operational expenses, capital expenditure (capex) for the equipment that will be provided to customers according to the rental business model and financing of the permanent increase in net working capital and operating expenditures to support the company's business growth. These investments will support the implementation of Newlisi's growth strategy to enter and expand into the sludge-management process carried out by utilities, by offering an innovative solution which allows utilities to materially reduce sludge volumes and hence reduce sludge disposal costs and environmental impact.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 15 million

    Total cost (Approximate amount)

    EUR 42 million

    Environmental aspects

    The main part of the project activities concern research, development and innovation (RDI) expenditures that are expected to be carried out in existing facilities without changing their already authorised scope and would therefore not require an environmental impact assessment (EIA) under Directive 2014/52/EU amending EIA Directive 2011/92/EU. A smaller part of the project, however, concerns manufacturing-related expenditures that could fall under Annex II of the EIA Directive. The Bank will review during the project appraisal whether any of the investments requires an EIA, as well as any other environmental details of the project.

    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 - 26/03/2018

    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