| Project Detail |
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 EIBs 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 |
