In Italy, the European Investment Bank (EIB) and Eni signed a 15-year loan for €500 million to convert selected units of Eni’s Sannazzaro de’ Burgondi refinery, located in the Italian province of Pavia, into a biorefinery. The agreement was signed by EIB Vice-President Gelsomina Vigliotti and Eni CEO Claudio Descalzi. The project involves converting the refinery’s Hydrocracker (HDC2) […]
In Sweden, the European Investment Bank (EIB) is providing €40 million in venture debt financing to Meva Energy AB, a Swedish cleantech company pioneering modular gasification plants that convert biomass residues into climate-neutral, industrial-grade biogas. This innovative fuel can directly replace fossil gas in a range of industries, supporting Europe’s transition to cleaner energy and […]
In Luxembourg, the European Investment Bank (EIB) has approved a loan of up to €264 million to Snam, with the aim of facilitating the integration of biomethane production plants into Italy’s energy infrastructure and promoting the transition to a more sustainable and diversified energy system. This financing will enable the construction of 240 kilometres of […]
In Italy, the European Investment Bank (EIB) and Eni have signed a €500 million 15-year finance contract to support the conversion of Eni’s Livorno refinery in Tuscany into a biorefinery. The agreement was signed at Eni’s headquarters in San Donato Milanese by EIB Vice-President Gelsomina Vigliotti and Eni CEO Claudio Descalzi. Eni’s project involves the […]
In Portugal, European Investment Bank (EIB) has granted a €430 m loan for the construction of two key projects aimed at transforming Galp’s Sines Refinery, making a crucial contribution for the decarbonization of heavy-duty road transport and aviation. Galp is developing the Biofuels unit, already at a construction stage, in partnership with Japan’s Mitsui, as […]
In Luxembourg, European Investment Bank (EIB) and Breakthrough Energy Catalyst are providing a €70 million funding package through the EU-Catalyst Partnership to INERATEC, a Germany based e-fuel company. The EIB is providing a €40 million venture-debt-loan, backed by the EU`s InvestEU-program, while Breakthrough Energy Catalyst is awarding a grant of €30 million. The package will […]
In Spain, European Investment Bank (EIB) has granted Nortegas Group a framework financing of up to €80 million to enable group subsidiary Nortegas Renovables to finance the construction of biomethane plants in Spain and launch a digital operations centre. The EIB and InvestEU-financed project will enable the development of the first phase of Nortegas Renovables’ strategic […]
In Spain, European Investment Bank (EIB) and Cepsa signed a €285 million loan agreement for the construction of an advanced biofuels plant to be located next to the ¨La Rábida Energy Park¨ in Palos de la Frontera, Andalusia. The plant, which Cepsa is building together with Bio-Oils, will produce sustainable aviation fuel (SAF) and renewable […]
In Luxembourg, the European Investment Bank (EIB) is teaming up with private investors to support the development of innovative electrolysis technologies needed for Europe`s green transition. With the Germany-based Sunfire, the EU-Bank has signed a first agreement worth up to €100 million to advance Sunfire’s solid oxide electrolysers towards serial production. The EIB`s investment is […]
In Portugal, the European Investment Bank (EIB) has signed a long-term financing agreement with The Navigator Company totaling €115 million. The loan is designed to support the construction and operation of a high-efficiency recovery boiler at the Setúbal industrial complex, which is a key step in Navigator’s decarbonization roadmap. The Navigator Company is an integrated producer […]
