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BOREALIS R&D RSFF

Signature(s)

Amount
€ 150,000,000
Countries
Sector(s)
Sweden : € 19,800,000
Finland : € 32,550,000
Austria : € 97,650,000
Industry : € 150,000,000
Signature date(s)
21/11/2013 : € 19,800,000
21/11/2013 : € 32,550,000
21/11/2013 : € 97,650,000
Link to source
Data sheet

Summary sheet

Release date
29 July 2013
Status
Reference
Signed | 21/11/2013
20130187
Project name
Promoter - financial intermediary
BOREALIS R&D RSFF
Borealis AG
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
EUR 300 million
Location
Sector(s)
Description
Objectives

Financing of new R&D facilities and research activities on plastic materials.

Knowledge Economy
Climate Action

Environmental aspects
Procurement

The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised and would therefore not require an EIA under the Directive 2011/92/EU. However, the Bank’s services will review during the project appraisal whether the investment also concerns capital expenditures that could fall under Annex II of the EIA Directive, as well as any other environmental details.

The promoter is a private company not operating in the Utilities sector and not having a status of a contracting authority. Thus it is not covered by EU Directives on procurement.

Comments

The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

Link to source
Summary sheet

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - BOREALIS R&D RSFF
Publication Date
7 Feb 2014
Document language
Main Topic
Lending
Document Number
49244959
Document Focus
Environmental Information
Project Number
20130187
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - BOREALIS R&D RSFF
Publication Date
14 Nov 2018
Document language
Main Topic
Lending
Document Number
80037205
Document Focus
Environmental Information
Project Number
20130187
Sector(s)
Regions
Countries
Publicly available
Download now

News & Stories

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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