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ERG AMBIENTE ENERGIA SICILIA

Signature(s)

Amount
€ 175,000,000
Countries
Sector(s)
Italy : € 175,000,000
Industry : € 175,000,000
Signature date(s)
6/08/2004 : € 175,000,000
Link to source
Data sheet
ERG AMBIENTE ENERGIA SICILIA
Other links
Summary sheet
ERG Ambiente Energia Sicilia

Summary sheet

Release date
28 September 2004
Status
Reference
Signed | 06/08/2004
20040062
Project name
Promoter - financial intermediary
ERG Ambiente Energia Sicilia
ERG SpA.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 175 m.
EUR 350 m.
Location
Sector(s)
Description
Objectives

Environmental upgrading and integration of two coastal refineries.

Investments will allow the environmental and commercial upgrading of the two refineries located in Priolo Gargallo. The project is expected to lead to reduced emissions and will allow ERG to produce gasoline and diesel according to upcoming tighter EU fuel specifications.

Environmental aspects
Procurement

The project contributes to the production of cleaner fuel and the reduction of the concentration of pollutants in overall emissions from the refineries over the coming years. The objective is to help meeting EU emission requirements for existing industrial combustion installations as required from 2008 on.

Centralized within ERG SpA that use an e-procurement system where appropriate for smaller and less complicated contracts and standards products. Procurement procedures are in line with EU and national legislation.

Comments

Oil refinery.

Link to source
Summary sheet
ERG Ambiente Energia Sicilia
Other links
Data sheet
ERG AMBIENTE ENERGIA SICILIA

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.

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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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