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    Reference: 20220955
    Release date: 19 June 2023

    Promoter – Financial Intermediary




    The project consists of financing Lyras' (i) research, development and innovation (RDI) activities related to technology and equipment for non-thermal treatment for the food and beverage industry, and (ii) increasing production capacity to allow commercialisation of their innovative raslysation technology to the early adopters.


    The project aims to support adopting more sustainable solutions to pasteurisation and microfiltration. According to the Promoter, treatment through Raslysation based on UV light provides similar or even higher effectiveness than pasteurisation, with energy savings of up to 90% and water savings of up to 80% at comparable volumes.


    The project is expected to have a considerable effect on the food and beverage industry in substituting the energy intensive pasteurisation with a patented UV application for opaque liquids.


    Proposed EIB finance (Approximate amount)

    EUR 30 million

    Total cost (Approximate amount)

    EUR 61 million

    Environmental aspects

    The project relates to investments in research and development and process improvement for assembling industrial equipment that do not require an environmental impact assessment (EIA) under Directive 2011/92/EU as amended by Directive 2014/52/EU. The location of the activities will change during the course of the project and the promoter will provide the Bank with all necessary permits prior to operation in the new premises to be identified. It is anticipated that the project will not have any adverse effects on the climate and environment. Moreover, the activities included in the project are expected to have positive impact on the environmental footprint (reduced energy and water consumption) of the food and beverage industry.


    The Borrower has been assessed by the EIB as being a private company and hence not being subject to EU rules on public procurement or concessions.


    Under appraisal


    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

    Denmark Industry