The European Investment Bank (EIB) has granted a €100 million loan to the Italian Marcegaglia Group to support an investment plan worth €170 million. The plan aims to enhance energy efficiency, decarbonization, and automation at the group’s key facilities in Ravenna, Gazoldo degli Ippoliti (Mantua), and San Giorgio di Nogaro (Udine).
The funded initiatives, to be completed by 2028, will enhance the digitalization and automation of logistics at the Ravenna and Gazoldo degli Ippoliti plants, further improve the decarbonization of one of the galvanizing lines in Ravenna, and develop an innovative low-carbon, high-energy-efficiency technology for electrical steels. Additionally, research, development, and innovation activities will be financed, with a particular focus on the production processes at the Ravenna, Gazoldo degli Ippoliti, and San Giorgio di Nogaro plants.
“This financing will help Marcegaglia undertake a transformative journey, adopting more sustainable industrial processes and cutting-edge technologies to reduce its ecological footprint, enhance workplace safety, and lower costs,” said Gelsomina Vigliotti, EIB vice-president, adding, “The transition to innovative, sustainable production processes and clean technologies is essential to promoting Europe’s competitiveness, technological leadership, and achieving the EU’s climate neutrality goals by 2050.”
This operation aligns with the objectives of REPowerEU, the European program to accelerate the energy transition and reduce greenhouse gas emissions. The EIB supports these strategic projects by covering up to 75 percent of their costs.