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Summary sheet

Release date
6 June 2024
Reference
20230807
Project name
Promoter - financial intermediary
GREENLIGHT BIO (IEU LS)
GREENLIGHT BIOSCIENCES ESPANA SLU
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 35 million
EUR 75 million
Location
Sector(s)
Description
Objectives

The project concerns the research & development, registration, commercialisation and manufacturing of a pipeline of Ribonucleic acid interference (RNAi)-based and other biocontrol solutions for plant health and bee health, addressing challenges for farmers and crop protection such as resistance and residues within the EU or benefitting the EU to be launched between 2024 and 2027.

The project could address three main challenges for the farmers and crop protection: resistance, residues and regulation. The promoter proposes an innovative and disruptive formula for agricultural crop protection with reduced soil persistence and may contribute to reducing application or displacing chemicals pesticides classified by the EU as candidates for substitution. It aligns with the EU Green Deal objectives, notably concerning biodiversity and farm-to-fork strategies and targets reducing the use and risk of chemical pesticides, as well as the use of the more hazardous pesticides, by 50% by 2030.

Environmental aspects
Procurement

The promoter's investments concern research, development and innovation activities that are expected to be carried out in existing facilities already authorised for the same purpose and would therefore not require an environmental impact assessment (EIA) under Directive 2014/52/EU (amending 2011/92/EU). Full environmental details verified during appraisal.

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. However, the promoter's procurement procedures are expected to be in line with EIB guidelines for private sector projects. The EIB will verify details during the project due diligence.

Related projects
Link to source

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.

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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.

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