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Reference: 20160210
Release date: 10 November 2016

Promoter – Financial Intermediary

ARLA FOODS INGREDIENTS GROUP P/S, ARLA FOODS AMBA

Location

Description

Financing of research, development and innovation (RDI) activities to develop new food products, maximise the usage of strains and cultures to strengthen the nutritional benefits of dairy products, increase the use of biodegradable materials in packaging, and reduce the consumption of energy and fresh water in the food production processes. The activities will be carried out predominantly in Denmark.

Objectives

The RDI investments target competitiveness through innovation in the food sector. In particular, the project will support healthier dairy products as well as more efficient technical solutions in terms of protecting the environment and saving natural resources (e.g. fresh water and energy).

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 100 million

Total cost (Approximate amount)

EUR 209 million

Environmental aspects

The project concerns investments in research and development that are expected to be carried out in existing facilities, already authorised, and which would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU.

Procurement

The promoters have been assessed by the EIB as being private companies not operating in the utilities sector and not having the status of contracting entities, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoters are after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoters 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.

Status

Signed - 7/09/2017

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).

Related tags

Denmark Industry