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THE BEI ​​GRANTS A LOAN OF 80 MILLION EUROS TO THE SPANISH URBASER

Adriana Duran 06/04/2014

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THE BEI ​​GRANTS A LOAN OF 80 MILLION EUROS TO THE SPANISH URBASER

The European Investment Bank (EIB) has granted a loan of 80 million euros to the Spanish waste management company Urbaser. The objective is to facilitateI+D+i activities and the renewal of their urban waste collection trucks by more modern vehicles. The operation is part of the EU funding mechanism "InnovFin" for innovation.

The Spanish company will be able to develop research programs to obtain
fuel from plastic waste, improve the waste rating system and optimize the
treatment of industrial waste. New technologies will make it possible to produce more
efficient reducing energy consumption.

The agreement is within the priorities of the EIB to provide loans whose objective is to promote competitiveness by promoting innovation and sustainable production processes that are respectful of the environment. The investment is also part of the InnovFin mechanism, backed by Horizon 2020 funds.