EIB and Navigator Sign €40 Million Loan to Accelerate Carbon Neutrality Investments

The European Investment Bank (EIB) has signed a €40 million loan with The Navigator Company to accelerate its decarbonisation efforts. This funding, part of a larger €80 million loan, will support Navigator’s investment in low-carbon technologies, renewable energy implementations, and an innovative moulded fibre packaging plant in Aveiro, Portugal. The initiatives include converting limekilns to biomass, installing biomass boilers, new cogeneration turbines, and photovoltaic systems. The project aligns with European Green Deal goals, the InvestEU program, and the REPowerEU plan to reduce fossil fuel dependence. Navigator, a leader in sustainable forestry, pulp, paper, and packaging, aims to reduce greenhouse gas emissions and enhance energy efficiency. This loan reinforces the company’s commitment to sustainable finance and industrial innovation, positioning it as a European benchmark for ESG excellence and carbon neutrality by 2035.