According to the Bank’s website, the project concerns the scale-up of capacity of the existing production facility from the current 2,000 tons of wire/year to an annual capacity in the range of 8,000 to 12,000 tons of magnet wire used in all types of powertrain motors in automotive, renewable energy and consumer applications. The Project includes also Promoter's RDI including R&D facility and equipment capex, for the development of new wire solutions in automotive and adjacent markets. The investments are located in in Turin, Italy, for the period 2024-2027."

The promoter develops and produces insulated magnet wire, based on a patented technology (DryCycle) to apply the insulating material (polymers) on the wire without any solvents. The objective of the project is to replace the existing magnet wire enamelling solutions, which are based on hazardous and polluting solvents (i.e. VOC), establishing a new industry standard of sustainable, solvent-free, high-performance magnet wire that enables and accelerates the transition to electrification.

The project’s activities will take place in existing facilities which have received all relevant permits to operate. Given the location, and the sector of activity, the climate risk is assessed as low.

With the appropriate management systems in place the social risks and impacts are considered to be low. No social risks or issues are expected during the project’s implementation.

The project is not expected to have significant negative effects either on the natural and human environment or on public health.

Tau is a technology company, pioneering the production of sustainable, solvent-free, high-performance magnet wires and setting a new industry standard that enables the transition to electrification. 

No contacts available at the time of disclosure.

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