CEPSA AROMATICS OPTIMISATION PLAN

Promoteur – Intermédiaire Financier

COMPANIA ESPANOLA DE PETROLEOS SAU

Lieu

• Espagne

Description

The project concerns the optimisation of the promoter's aromatics production towards higher-value products. Investments will take place in two of the promoter's refineries in Andalucía, Gibraltar-San Roque and La Rábida.

Objectifs

The project will allow the promoter to produce higher-value-added aromatic products, thus improving its margins. The expected improvement in profitability is vital to sustain the promoter's competitiveness and preserve employment in Andalucía, a region with the second highest unemployment rate in the EU.

Secteur(s)

• Industrie

Montant BEI envisagé (montant approximatif)

EUR 70 million

Coût total (montant approximatif)

EUR 149 million

Aspects environnementaux

This type of project falls under Annex II of the Environmental Impact Assessment (EIA) Directive; the screening and respective EIA decisions and reports will be assessed during appraisal. The environmental dimension of the project will be scrutinised during appraisal. This will include a check of conformity with applicable EU directives (Industrial Emissions Directive (IED) (2010/75/EU), Ambient Air Directives and Seveso III Directive (2012/18/EC)) and of the environmental and occupational health and safety (OHS) plans.

Passation des marchés

The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.

Statut

Signé - 28/04/2017