Clean Globe International Oil Spill Protection

Location:

Russia

Project number:

37124

Business sector:

Natural resources

Notice type:

Private

Environmental category:

B

Target board date:

02 Apr 2007

Status:

Completed

PSD disclosed:

02 Feb 2007

Project Description

Establishment of Tier II crude oil spill response centres in key locations in the Bank’s countries of operation and provision of regional training, prevention and remediation services.

Transition Impact

The Project is primarily an environmental project designed to promote responsible levels of oil spill response preparedness and higher levels of training, prevention and remediation. In addition to this vital impact for the Region, transition impact would result from

(i) Demonstration of (replicable) products and processes which are new to the economy

(ii) Increase in the private provision of goods and services and

(iii) Transfer and dispersion of skills.

The Client

Clean Globe International Oy, a limited company incorporated in Finland, a wholly owned subsidiary of the Sponsor, Lamor Corporation AB of Finland. Lamor is one of the world’s largest providers of quality oil spill equipment and is a long standing provider of equipment in the Bank’s countries of operations.

EBRD Finance

The loan facility will consist of a loan to the Company in the amount of up to EURO 30.5 million. The Company is also in parallel seeking to raise EURO 10 million loan from Finnfund .

The equity facility of EURO 3 million will be invested upfront to subscribe to shares in the Company. The Company is also in parallel seeking to raise EURO 3 million from NEFCO and EURO 1 million from Finnfund, both with similar conditions.

 

Project Cost

EURO 107 million.

Environmental Impact

Screened B/0. The establishment of an oil spill response and land remediation centres will have significant positive impacts in terms of providing ready access to oil spill clean-up equipment and services. Some historical contamination and non-compliance issues might be associated with the potential use of existing facilities such as landfills and hazardous waste incinerators. Also, there might be issues associated with the end-result of the oil spill response and clean-up operations such as disposal of oil contaminated soil, oil debris, etc. and an availability of proper facilities for disposal of hazardous waste. The environmental due diligence on the proposed project will be structured around the Environmental Procedures for Multi-Project Facility and, each individual Clean Globe International Centre will be screened individually and undergo appropriate level of the environmental due diligence prior to the disbursement of the EBRD funds. The Client will develop an Environmental Management System, that will set HSE standards and detailed procedures for commissioning appropriate level of environmental due diligence and environmental, health and safety audits, as well as for monitoring, incidents and accidents notification, reporting, HSE training and public consultation.

Technical Cooperation

None.

Company Contact

Mr Lasse Parvinen, President
Lamor Clean Globe International Oy
Mestarintie 25
FIN-06150 Porvoo
Finland

Tel: +358195767400
Fax: +358195767450

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.