Summary sheet
The project consists of three major schemes, concerning the construction and operation of 1) a mild hydrocracker (25000 b/d capacity) and ancillary units at the Algeciras refinery (San Roque); 2) a Combined Heat and Power (CHP) plant at the same refinery (capacity: 40 MWe, 80 MWth), and 3) a Combined Cycle Gas Turbine (CCGT) CHP plant at La Rabida refinery (Huelva; capacity: 80 MWe, 140 MWth).
The project will increase the production of cleaner transport fuels at the expense of more polluting heavy oil products, in line with European policy and directives to improve fuel specifications. It will also enhance reliability of electricity and steam supply to the existing refineries and neighbouring petrochemical complex, using a technology with the highest energy-conversion efficiency currently available for thermal power plants and replacing low efficiency conventional boilers presently in use.
All three project schemes fall under Annex II of the EIA directive 85/337/EEC and its amendments. EIAs have been conducted by the promoter for the refining upgrade in Algeciras and the CHP plant in La Rabida. Both EIAs have been approved by the environmental authorities. The cogeneration project in the Algeciras refinery has been exempted from EIA procedures since it is considered a non-substantial modification.
The project is a private sector operation. Procurement follows the promoter’s corporate in-house purchasing procedures to ensure an appropriate level of competition among qualified contractors. During the appraisal, the Bank will verify the promoter’s procurement procedures to ensure that the project benefits from market-based competition between potential subcontractors.
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.
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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
Related publications