📋 Tender Overview
Reference: 20240581
Release date: 25 February 2025
Promoter – Financial Intermediary
GREENE ENTERPRISE SL
Location
Spain
Description
The project will finance five waste treatment plants utilising pyrolysis technology with an innovative layout. These facilities will enhance resource efficiency and promote a circular economy by generating secondary raw materials, while reducing greenhouse gas emissions by diverting waste from landfill and energy recovery.
Objectives
The project will contribute to meet the EU and country targets for diversion of waste from landfills and materials recycling in line with the requirements in the Landfill Directive 1999/31/EC and Waste Framework Directive 2008/98/EC, as amended. It will also support the transition to a circular economy in line with EC Circular Economy Plan and will contribute to achieving climate change objectives by reducing direct GHG emissions from waste management. The project meets the Paris Alignment criteria and supports the EU Circular Economy Action Plan and the European Green Deal. The investment programme is expected to contribute to EIB's lending priority objectives on Climate Action and Environmental Sustainability. The project components aim to meet the requirements of regional and national waste policies and regulations, particularly those focused on achieving higher levels of material recovery from waste. Therefore, they will facilitate the transition to a more circular economy. Additionally, the project will contribute to climate change objectives by reducing direct greenhouse gas (GHG) emissions from waste treatment. Thus, the project is expected to support climate action and environmental sustainability (CA&ES) objectives, particularly climate mitigation and the transition to a circular economy. The project is conforming with Article 309 point (c) of common interest. Additionally, certain regions where the portfolio of facilities will be developed are classified as EIB Cohesion Priority Regions. Consequently, parts of the project are conforming with Article 309 point (a) for projects aimed at developing less-developed region, expecting to represent 42% of the project costs. The final contribution to these regions will be further analysed during appraisal.
Sector(s)
Solid waste - Water supply; sewerage, waste management and remediation activities
Proposed EIB finance (Approximate amount)
EUR 80 million
Total cost (Approximate amount)
EUR 224 million
Environmental aspects
The new waste recycling plants will decrease environmental and climate change impact by increasing recovery of materials, in particular plastics, from waste. Therefore, it will notably reduce the amount of waste incinerated or landfilled, in line with the Waste Framework Directive and Landfill Directive targets. The investments under this operation will fall under Annex I of the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended by Directive 2014/52/EU. The EIA Report for f
