Waste treatment loans
Waste treatment loans
In 2007, Société Générale co-arranged the financing for the waste processing plant in Marseilles. Before that in 2006, it provided the financing needed to bring four incinerators up to code - Cergy (€ 5.6 million), Massy (€ 18 million), Nancy (€ 14.8 million) and Reims (€ 3.5 million) - allowing for the improved processing of smoke and fumes.
In the field of wastewater treatment, the bank was the arranger on a US$ 83 million loan in 2005 for the construction of storm drains and a wastewater treatment plant along with 1,000 family flats in the Dominican Republic (Guajimia project).
A loan of € 27 million was also granted by SGEF (subsidiary specializing in equipment lease financing) in the Czech Republic as part of a major decontamination plan for Spolana, the chemical plant in Neratovice. The project was launched in 2003 and, in April 2006, operations began on the plant which, during the 1960s and 1970s, manufactured PCPs (pentachlorophenol) used in pesticides, generating high levels of pollution for the buildings and immediate surroundings, particularly tetrachlorodibenzo-p-dioxin. The project towards which SGEF Czech Republic has contributed is unique in Europe and innovative in that it allows for the treatment of pollutants at the site itself and does not require incineration, thereby minimizing any environmental risks.
