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    Signature(s)

    Amount
    € 41,500,000
    Countries
    Sector(s)
    Austria : € 41,500,000
    Energy : € 16,600,000
    Industry : € 24,900,000
    Signature date(s)
    21/12/2016 : € 16,600,000
    21/12/2016 : € 24,900,000

    Summary sheet

    Release date
    26 July 2016
    Status
    Reference
    Signed | 21/12/2016
    20160028
    Project name
    Promoter - financial intermediary
    FOOD INDUSTRY RESOURCE EFFICIENCY & INNOVATION
    Private company
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Not disclosed.
    Not disclosed.
    Description
    Objectives

    Energy and resource efficiency as well as research and development (R&D) investments in sugar and starch plants in Austria, upgrade of a bio-ethanol production unit in Austria and construction of a new sugar packaging plant in Hungary

    The investment underpins the promoter's strategy to increase competitiveness of its business segments through innovation and process optimisation. The modernisation of the existing industrial sites and the investment in improved logistics are expected to decrease its costs by saving energy, water and inputs. The proposed measures will also increase the promoter's environmental sustainability.

    Environmental aspects
    Procurement

    The project concerns investments for the modernisation and capacity expansion of several existing and already permitted production sites of the promoter that are within the provisions of Annex II of Directive 2011/92/EC. The investments at the bio-ethanol plant imply the modification of a facility that is typified under Annex I of Environmental Impact Assessment (EIA) Directive 2011/92/EC (and its amending Directives). The EIA screening procedure has been initiated. The status and details of the EIA and IED authorization procedures as well as other relevant environmental (e.g. impact on sites of nature conservation) and occupational health and safety (OHS) "acquis" will be assessed at appraisal.

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the Official Journal of the EU, as and where required.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - FOOD INDUSTRY RESOURCE EFFICIENCY & INNOVATION
    Publication Date
    24 Jan 2017
    Document language
    Main Topic
    Lending
    Document Number
    71244965
    Document Focus
    Environmental Information
    Project Number
    20160028
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - FOOD INDUSTRY RESOURCE EFFICIENCY & INNOVATION
    Publication Date
    9 Jan 2021
    Document language
    Main Topic
    Lending
    Document Number
    135882310
    Document Focus
    Environmental Information
    Project Number
    20160028
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    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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