MARCEGAGLIA AMT AND R&D INVESTMENTS

Promoter – Financial Intermediary

MARCEGAGLIA STEEL SPA

Location

• Italy

Description

The project will finance the promoter's investment plan including: (i) advanced manufacturing technology (AMT, 84% of total PIC), capital expenditures (capex) comprising four different components that will modify and improve the existing steel processing plants in Ravenna and Gazoldo degli Ippoliti; (ii) research, development and innovation (RDI) activities (16%). AMT capex are spread over a period of 5 years, from 2024 to 2028 included, while RDI activities cover a period of 4 years, from 2024 to 2027 included.

Objectives

The aim is, among others, improve energy efficiency, decarbonise selected equipment through electrical energy recovery (cranes) and electrification of heat (furnaces), increasing product quality and automation levels to optimise the production process and cost efficiency.

Sector(s)

• Industry - Manufacturing

Proposed EIB finance (Approximate amount)

EUR 100 million

Total cost (Approximate amount)

EUR 170 million

Environmental aspects

The RDI activities will be carried out in existing facilities and it is expected that their authorised scope will not change. These types of activities are not mentioned in the Annexes of the environmental impact assessment (EIA) Directive 2014/52/EU amending 2011/92/EU. The AMT related capex will also be implemented in existing authorized facilities, mostly on existing manufacturing lines and are not expected to have significant impacts on the environment. It will be assessed during appraisal if any of the AMT related capex require an EIA or an EIA screening decision. Other environmental aspects will be assessed during due diligence.

Procurement

The promoter is a private company not operating in the utilities sector and does not have the status of a contracting authority. It is thus not subject to EU rules on public procurement.

Status

Under appraisal - 14/06/2024