Brief: Euroapi To Invest Eur 40 Mln To Improve Production Process In France
09/01/2023 06:13
Jan 9 (Reuters) - Euroapi SAS EAPI.PA :
* VITAMIN B12: EUROAPI TO INVEST EUR 40 MILLION FOR A MORE
EFFICIENT AND SUSTAINABLE PRODUCTION PROCESS IN FRANCE
* CAPACITY TO INCREASE BY 2025 IN EUROAPI'S
SAINT-AUBIN-LÈS-ELBEUF
SITE, ONLY VITAMIN B12 MANUFACTURING SITE LOCATED OUTSIDE OF
ASIA
* NEW FERMENTATION GENERATION ALLOWING FOR NITRITE-FREE
PROCESS BY
DESIGN, DECREASE IN WASTE AND REDUCTION IN WATER CONSUMPTION
* FINANCIAL SUPPORT OF EUR 7.9 MILLION PROVIDED BY LOCAL AND
NATIONAL PUBLIC ENTITIES
* BOLSTERS EUROAPI'S POSITION AS A RELIABLE SUPPLIER AND
REINFORCES ITS STATUS AS PARTNER OF CHOICE FOR ITS CUSTOMERS
* FULL CAPACITY OF VITAMIN B12 PRODUCTION SHOULD BE REACHED
BY
2027
* NEW COMMITMENT COMES IN ADDITION OF A EUR 24 MILLION
INVESTMENT
ANNOUNCED IN JULY 2022 FOR CONSTRUCTION OF A STATE-OF--ART
BIOMASS BOILER WHICH WILL REDUCE CO2 EMISSION OF SITE BY ALMOST
76% IN 2026
* TWO PROJECTS ARE HIGHLY SYNERGETIC AS 17 MW BIOMASS
EQUIPMENT
WAS DESIGNED TO SUPPORT SITE'S VITAMIN B12 PRODUCTION CAPACITY
INCREASE PROGRAM
* PROJECT SHOULD ENABLE EUROAPI TO INCREASE ITS
MANUFACTURING
CAPACITY BY 2025 WHILE REDUCING ITS ENVIRONMENTAL FOOTPRINT
* INVESTMENT BENEFITS FROM A TOTAL FINANCIAL SUPPORT OF EUR
7.9
MILLION, FROM FRENCH GOVERNMENT WITHIN FRAMEWORK OF RELANCE
PLAN, AGENCE DE L'EAU SEINE-NORMANDIE (SEINE-NORMANDIE WATER
AGENCY - AESN) AND NORMANDIE REGION
Source text for Eikon: ID:nBw6tnQM0a
Further company coverage: EAPI.PA
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))