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The project concerns Research, Development and Innovation (RDI) activities in the field of innovative filtering solutions as well as thermal management applications primarily for very low and zero carbon emission powertrain technologies. The activities will be carried out in Italy over the period between 2019 and 2022.
The project will contribute to increasing the promoter's knowledge and know-how and testing capability related to filtering solutions and thermal management applications.
Research and development activities on filtering solutions and thermal management applications are not listed in any of the annexes of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/EU. The financed activities will be carried out in already-authorised existing facilities, that will not change their scope due to the project, thus not requiring any additional environmental permits.
The promoter is a private company not operating in the Utilities sector and does not have the status of a contracting authority. Thus, it is not covered by EU Directives on procurement. Procedures followed are in the best interest of the project and satisfactory for the Bank.