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What is a âbrownfieldâ? The Environmental Protection Agency (EPA) defines a brownfield as real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant.
Brownfield refers to project of expansion or revamping or services on an existing facility. By opposition greenfield is the common word to describe a new project. Comments. In that respect a brownfield investment covers also the situation where a company or government entity purchases or leases existing production facilities to launch a new production activity.