Intesa Sanpaolo finances Selene Spa’s circular economy project

Intesa Sanpaolo is supporting the circular economy projects of the Lucca-based company, Selene Spa, with €2.5 million and, specifically, financing an innovative recycled polyethylene granule production plant, which will enable:

• the extraction of fossil products intended for the production of virgin plastic to be drastically reduced
• CO₂ emissions to be limited

The loan, with funding made available by the European Investment Bank (EIB), is part of a series of solutions devised by Intesa Sanpaolo to support projects with the goal of climate neutrality or integration in a circular economy process, consistent with the European Green Deal.

Selene Spa is a leading company in the production of flexible plastic packaging in polyethylene for industrial use and has been committed for many years to reducing the environmental impact of its production processes.