Release date: 11 February 2025
Promoter – Financial Intermediary
THE NAVIGATOR COMPANY SALocation
Description
The project consists of multiple investment schemes in environmental upgrades and modernisation of existing pulp, paper and packaging facilities in Portugal. The main focus will be on renewable energy (biomass, solar) and energy efficiency measures, as well as other enabling activities that will support the promoter's decarbonisation plan.
Objectives
The aim is to increase the overall resource efficiency of the industrial facilities as well as reduce greenhouse gas emissions through enhanced renewable energy generation and energy efficiency measures. The project will address suboptimal investment situations in cellulose-based packaging and tissue industry by enabling the production of sustainable, recyclable and renewable cellulose-based products, which are not yet competitive with the mainstream (fossil-based) solutions.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 80 million
Total cost (Approximate amount)
EUR 163 million
Environmental aspects
Some of the project's schemes may fall under the Environmental Impact Assessment (EIA) Directive 2011/92EU as amended by Directive 2014/52/EU. Where and if applicable and based on a risk-based approach as defined in the EIBG E&S Policy, the requirements of the EIA Directive, Industrial Emissions Directive 2010/75/EU, Birds Directive 2009/147/EC and Habitats Directive 92/43/EEC will be checked during appraisal, including the assessment of the environmental permitting processes of project schemes.
Procurement
The Promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the Promoter is subject to the EU public procurement legislation then the Bank would require the Promoter to apply the relevant applicable EU procurement rules.
Status
Under appraisal - 10/07/2024
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).