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    Reference: 20200615
    Release date: 20 October 2020

    Promoter – Financial Intermediary

    URBASER SA

    Location

    Description

    The project concerns the 2020-2023 investment programme of the Promoter, focusing on research, development and innovation (RDI), upgrading of Material Recovery Facilities and the procurement of an eco- and climate-friendly collection truck fleet.

    Objectives

    Foster innovation in the waste collection and treatment sector in order to achieve greater efficiency of the entire solid waste value chain, reduction of waste to be landfilled or incinerated, and increase recovery and quality of secondary raw materials. The procurement of highly efficient and eco- and climate-friendly collection vehicles will also increase productivity and reduce direct and indirect harmful greenhouse gas emissions.

    Sector(s)

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

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    EUR 216 million

    Environmental aspects

    The innovative plastic-to-oil demonstration plant falls under Annex II of the EIA Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Hence, it will be appraised during due diligence if an environmental impact assessment (EIA) is required. The RDI activities, digitalisation measures and the modernisation of facilities part of the project will be carried out in existing facilities without changing their already authorised scope and hence are not expected to require an EIA. Impact on environment, the requirement of EIAs and other social aspects will be further assessed during the due diligence.

    Procurement

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the Promoter is subject to EU public procurement legislation, then the Bank would duly inform the Commission Services and would require the Promoter to apply those rules.

    Status

    Approved - 16/12/2020

    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

    Denmark Finland France Italy Spain Sweden Solid waste