| Project Detail |
The project concerns the construction and operation of a processing plant for the production of edible oil from oilseeds, as well as the acquisition of railcars for the transportation of edible oil.
Objectives
The aim is to support the development of sustainable primary production systems, supply healthy food and fibres and biomass for bio-based products and materials, as well as promote sustainability and resilience in rural and coastal areas through the improvement of existing or construction of new, rural and coastal infrastructure and facilities. As such, the related investments are in line with the 1.1.5. Bioeconomy Main Policy Priority Areas of the InvestEU Sustainable Infrastructure Window (SIW). The project will generate climate benefits, by producing renewable energy based on discarded sunflower seed hulls. It will also reduce greenhouse gas emissions through the modal shift from railcars instead of trucks to transport edible oil and agricultural products to the port of Varna.
Sector(s)
Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 35 million
Total cost (Approximate amount)
EUR 75 million |
