European Investment Bank to loan €65M to Biochemtex

In the EU, the European Investment Bank is providing a €65M (USD$89M) loan to Biochemtex, an engineering subsidiary of the Mossi and Ghisolfi Group, for research to improve non-food biomass to biofuels and molecules including ethylene glycol (for PET production). The loans, directed toward the Piedmont and Puglia facilities, match half of Biochemtex’s investment of €133M.

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