The European Investment Bank has approved a €100 million financing deal to support Marcegaglia. the steel group based in Mantua, as part of its €170 million investment plant. Antonio and Emma Marcegaglia, together with EIB Vice-President Gelsomina Vigliotti, finalized the deal at Marcegaglia’s headquarters in Gazoldo degli Ippoliti.
Marcegaglia will complete this financing by 2028, driving key technological advancements at its Ravenna and Gazoldo degli Ippoliti plants. These advancements include digitalization, automation of logistics, and initiatives aimed at decarbonizing operations, particularly in Ravenna’s galvanizing line. The funds will support the advancement of energy-efficient electrical steel technologies while also supporting ongoing research and innovation at Marcegaglia’s plants.
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The EIB’s financing will enable Marcegaglia to implement more sustainable industrial processes and advanced technologies. The key goals include reducing environmental impact of production, enhancing workplace safety and improve energy efficiency. The investment plan will establish the group as a leader in innovation and environmental sustainability.
Gelsomina Vigliotti, EIB Vice-President, said, “The steel industry is crucial for the economy and the competitiveness of the European Union, but as we know, producing steel requires a large amount of energy and has a significant environmental impact.”
She added, “The transition towards innovative and sustainable production processes and clean technologies is essential to further Europe’s competitiveness and its leading role in new technologies, as well as to achieve EU climate neutrality objectives by 2050.”
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Marcagaglia’s Commitment to Sustainability and Technological Advancements
The financing will support R&D of innovative solutions at Marcegaglia’s plants, including those in Ravenna, Gazoldo, and San Giorgio.
This financing deal aligns with the EIB’s commitment to supporting Europe’s energy transition goals under the REPowerEU initiative. The EIB provides larger initial disbursements and extended maturities for projects like this, enhancing loan appeal to the energy sector. For projects like Marcegaglia’s, the EIB can increase the co-financing ceiling to 75% of total project costs.
The EIB will contribute €45 billion for REPowerEU projects by 2027, highlighting its support for Europe’s energy security and sustainability.