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    Reference: 20200582
    Release date: 25 November 2020

    Promoter – Financial Intermediary

    REPETCO INNOVATIONS SL

    Location

    Description

    The project concerns a multi material pots, trays and tubs (PTTs) recycling facility with an input capacity of 100,000 t/yr in Albacete, Spain. The facility will receive PTT waste and convert it with an innovative mechanical recycling method into recycled PET and PE.

    Objectives

    The project comprises of investments in a new innovative recycling facility for multi plastic material pots, tubs and trays (PTT), that up to now have been difficult to recycle. The recycled PET produced in the new facility will provide feedstock to PTT producers enabling closed loop recycling. The facility will also produce some recycled polyethylene. The project will increase the material recovery from waste and contribute to attainment of recycling targets. The project supports the transition to a more circular economy, in line with the EU Circular Economy Package, and contributes to the mitigation of climate change.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 31 million

    Total cost (Approximate amount)

    EUR 62 million

    Environmental aspects

    The project is expected to fall under Annex 2 of the Environmental Impact Assessment (EIA) directive (Directive 2014/52/EU amending the EIA Directive 2011/92/EU), and EIAs are required/the screening decision has not yet been received. Compliance with the Habitats directive (92/43/EEC), Birds Directive (79/409/EEC) and the Industrial Emissions Directive 2010/75/EU may also be required, where relevant. This will be verified during the appraisal.

    Procurement

    The Bank will require the Promoter to ensure that contracts for the implementation of the project have been or will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/23/EU / 2014/24/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC, as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 20/12/2021

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Spain Industry