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    Reference: 20190110
    Release date: 6 September 2019

    Promoter – Financial Intermediary

    PURATOS GROUP NV

    Location

    Description

    The project will finance Puratos'research, development and innovation (RDI) programme in food ingredients and new innovative products for capital expenditure for 2019-2021, mainly carried out in Belgium. This operation would be the third loan to the promoter, following-up its RDI programme 2016-2018.

    Objectives

    The operation targets the promoter's RDI programme in the areas of new ingredients, food processing technology, big data analysis, and sensorial analysis to develop healthier and more sustainable solutions for its customers.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 108 million

    Environmental aspects

    The project concerns investments expected to be carried out in existing facilities, already authorised, and which would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. At appraisal, it will be determined if any of the activities to be carried out would require a change to existing environmental permits

    Procurement

    The promoter is a private company not operating in the utilities sector, and is thus not covered by EU directives on procurement.

    Status

    Signed - 18/12/2019

    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

    Belgium Industry