Reference: 20170660
Release date: 30 April 2018

Promoter – Financial Intermediary

UAB KONCERNAS ACHEMOS GRUPE

Location

Description

The project concerns the construction of a new manufacturing plant using Best Available Technology for the production of melamine on the promoter's existing industrial site in Lithuania.

Objectives

The EIB loan will finance the construction of a new plant to produce melamine that will help the promoter to diversify its product portfolio. This project supports the strengthening of the EU's economic, social and territorial cohesion.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 60 million

Total cost (Approximate amount)

EUR 124 million

Environmental aspects

The production of chemicals falls under Annex II of the Directive 2014/52/EU amending 2011/92/EU and should therefore require an Environmental Impact Assessment (EIA) subject to competent authorities' screening decision. This will be assessed during the project appraisal with other environmental details.

Procurement

The promoter has been assessed by 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.

Status

Under appraisal - 20/12/2017

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

Lithuania Industry