Project description
and objectives:
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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.
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Transition impact:
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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.
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The client:
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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.
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EBRD finance:
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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.
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Total project cost:
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EURO 107 million.
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Environmental impact:
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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.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Mr Lasse Parvinen, President
Lamor Clean Globe International Oy
Mestarintie
25
FIN-06150 Porvoo
Finland
Tel: +358195767400
Fax: +358195767450
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EBRD contact:
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Matteo Colangeli, Operation Leader: colangem@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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