According to the EBRD, the project consists in the provision of a EUR 31.5 million long-term loan to OXY Technical Gases d.o.o., a limited liability Company established in Croatia, to construct and operate a green-field air separation unit in the city of Velika Gorica, Croatia.
The Project will increase industrial gas volumes available in Croatia and potentially cover other countries in the Western Balkans as well as Slovenia.
As stated by the EBRD, OXY Technical Gases d.o.o. is a limited liability company organised in Croatia as a JV, 60% owned by SIAD S.p.A. (Sponsor) and 40% owned by SOL S.p.A. (co-Sponsor).
The Sponsor is a leading Italian chemical group producing a full range of technical gases, mainly for industrial, medical and food use as well as provides design, engineering and manufacturing solutions in that space.
The co-Sponsor is a leading Italian chemical company that produces, sells and distributes a complete range of products and services, mainly grouped in two integrated and synergic business areas: (i) Technical Gases and (ii) Home Care.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|Società Italiana Acetilene e Derivati (SIAD) SpA
|Industry and Trade
|Industry and Trade
Client - OXY Technical Gases d.o.o.:
Marco Moreschi - President of the Board of Directors
Phone: +39 035 328111 / +39 035 328111
Website: www.siad.com / www.solgroup.com
Address: Kalinovac 2a, Karlovac, Croatia
ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: email@example.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html