Release date: 11 April 2005
Promoter – Financial Intermediary
A privately owned company engaged in the production and sale of cellulose pulp, paper and its derivatives.Location
Description
The project consists of the modernisation, efficiency improvement and environmental upgrading of the company’s pulp and paper plants in Portugal.
Objectives
To conform with best available technology and to be in line with the relevant environment EU Directive.
Comments
Pulp and paper.
Sector(s)
Proposed EIB finance (Approximate amount)
Total financing of up to 50% of total project cost.
Total cost (Approximate amount)
Estimated at EUR 255 million.
Environmental aspects
The main objective of the investment is to adequate the factories to the Integrated Pollution Prevention and Control (“IPPC”) Council Directive, by implementing the Best Available Technologies (“BAT”), thereby reducing the impact on the environment.
Procurement
The promoter is a private company to which EU Directives on procurement do not apply.
Status
Signed - 28/12/2007
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).