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        PORTUCEL AMBIENTE

        Signature(s)

        Amount
        € 110,000,000
        Countries
        Sector(s)
        Portugal : € 110,000,000
        Industry : € 110,000,000
        Signature date(s)
        25/06/2009 : € 30,000,000
        28/12/2007 : € 80,000,000

        Summary sheet

        Release date
        11 April 2005
        Status
        Reference
        Signed | 28/12/2007
        20030599
        Project name
        Promoter - financial intermediary
        Environmental Investment Program for Pulp and Paper Mills
        A privately owned company engaged in the production and sale of cellulose pulp, paper and its derivatives.
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Total financing of up to 50% of total project cost.
        Estimated at EUR 255 million.
        Location
        Sector(s)
        Description
        Objectives

        The project consists of the modernisation, efficiency improvement and environmental upgrading of the company’s pulp and paper plants in Portugal.

        To conform with best available technology and to be in line with the relevant environment EU Directive.

        Environmental aspects
        Procurement

        The main objective of the investment is to adequate the factories to the Integrated Pollution Prevention and Control (“IPPC”) Council Directive, by implementing the Best Available Technologies (“BAT”), thereby reducing the impact on the environment.

        The promoter is a private company to which EU Directives on procurement do not apply.

        Comments

        Pulp and paper.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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