Expur - Saipol

Location:

Romania

Project number:

41786

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

Target board date:

01 Sep 2010

Status:

Completed

PSD disclosed:

30 Jul 2010

Translated version of this PSD: Romanian
 

Project Description

In November 2010, the EBRD provided EUR 80 million in financing for the development of Expur S.A., a local Romanian oilseed crusher and processor located in south-eastern Romania. In September 2011, the EBRD increased its financing to Expur by EUR 30 million.

The Project is helping Expur to increase capacity, improve efficiencies and product quality, expand its business into new products, and increase its market share on the Romanian market.

Transition Impact

The EBRD loans are expected to facilitate market expansion and competition by introducing new products to the Romanian market to give customers greater choice for a better value compared to imports. A demonstration effect will be achieved through the introduction of new technology and production efficiencies, as well as and knowledge and skills transfer.

The Client

Expur S.A. engages in the procurement, crushing, and processing of sunflower seed and rapeseed for the Romanian market and for export. The end products include edible sunflower oil, meal from sunflower seed and rapeseed, and biodiesel.

EBRD Finance

1) EUR 80 million to finance investments and working capital;
2) EUR 30 million to finance working capital.
All loans are syndicated to commercial banks.

Project Cost

EUR 110 million

Environmental Impact

The Project was Categorised B according to the EBRD’s Environmental and Social Policy 2008. The potential adverse future environmental and social impacts associated with the Project are site-specific and readily addressed through mitigation measures.

The Bank's environmental and social due diligence undertaken in June 2010 consisted of a review of findings from an environmental, health and safety audit of Expur's Romanian facilities; a review of EBRD Corporate E&S Due Diligence questionnaire completed by the Client. The findings of due diligence were that the facilities are not associated with any significant environmental or social issues, are not a source of environmental pollution nor are they of significant risk to local communities.

Based on the EHSS due diligence an Environmental and Social Action Plan (ESAP) was developed and has been agreed to ensure the Company's compliance with the Banks Performance Requirements (PRs). The ESAP will keep the facilities in line with Romanian and EU standards and EBRD Performance Requirements for environment, health and safety and labour.

In March 2011, the Company provided the Bank with its first annual environmental report. The Company is progressing satisfactorily on the implementation of the ESAP. The Company's labour practices and EHS management procedures are in line with PRs. The Company is committed to comply with all PRs for their ongoing and future activities.

The Bank will continue to monitor the Company's environmental and social performance for the lifetime of the project through annual environmental and social reporting and via periodic site visits. The Company will be required to immediately notify the Bank of any incidents or accidents likely to have an effect on the environment or worker and public safety.

Technical Cooperation

None.

Company Contact

Mr. Fabien KAY, Communication manager for Oilseeds Division
Sofiprotéol
Tel : +33 1 40 69 49 58; Fax : +33 1 40 69 49 86
Email : f.kay@prolea.com

 

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.