Release date: 11 October 2024
Promoter – Financial Intermediary
SODIAAL INTERNATIONAL - SOCIETE DE DIFFUSION INTERNATIONALE AGRO-ALIMENTAIRELocation
Description
The project will support the research, development and innovation (RDI) activities of Sodiaal dairy cooperative in France, active in agriculture and bioeconomy. In particular, the promoter's RDI investments concern: (i) the development of a portfolio of innovative dairy products; (ii) additional applications of existing ingredients; (iii) decarbonisation of milk producers.
Objectives
The aim is to increase the resource efficiency of the promoter's current industrial activities and its resilience.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 70 million
Total cost (Approximate amount)
EUR 131 million
Environmental aspects
The operation concerns a project programme over a period of four years comprised of RDI activities, and small capital expenditure (CAPEX) investments carried out within existing facilities in France and would therefore not fall under the Environmental Impact Assessment (EIA) Directive 2014/52/EU (amending 2011/92/EU). The requirements, in respect to national legislation, including permitting and public consultations, will be confirmed at the appraisal.
Procurement
The promoter has been assessed by the EIB as a private company not subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to the EU public procurement legislation Directive 2014/24/EU, then the promoter shall ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation Directive 2014/24/EU, where applicable, as well as Directive 89/665/EEC as interpreted by the Court of Justice of the European Union, with the publication of tender notices in the Official Journal of the European Union, as and where required.
Status
Under appraisal
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).