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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Sweden : € 150,000,000
    Industry : € 120,000,000
    Signature date(s)
    15/11/2017 : € 30,000,000
    15/11/2017 : € 120,000,000
    Link to source

    Summary sheet

    Release date
    25 April 2017
    Status
    Reference
    Signed | 17/11/2017
    20160146
    Project name
    Promoter - financial intermediary
    SCA OSTRAND MILL EXPANSION AND FORESTRY
    SVENSKA CELLULOSA AB SCA (PUBL)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    EUR 684 million
    Description
    Objectives

    The operation consists (i) in the finance of selected renewable energy, energy efficiency and environmental protection measures within an investment programme in Sweden consisting of the upgrade of a pulp mill in Timrå and (ii) the replanting and regeneration of about 68,000 ha of forest, the construction of 4,250 km of forest roads and an upgrade of five forest terminals.

    The project will contribute to higher energy efficiency and innovative process optimisation. The operation also aims to upgrade and renew regional forest resources and will enhance and create employment and have significant multiplier effects on the regional rural economies.

    Environmental aspects
    Procurement

    The mill modernisation project falls under Annex I of Environmental Impact Assessment (EIA) Directive 2011/92/EU. A full EIA as well as a permit under the Industrial Emission Directive 2010/75/EU is required. Some of the investments planned within the project programme for modernisation and renewal of forest assets may fall under Annex II of the EIA Directive and would require a screening decision by the competent authority. Details of the permitting procedures, potential impact on nature conservation sites close by and sustainability and origin of the biomass will be further assessed at appraisal.

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation.

    Link to source

    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 Impact Assessment (ESIA) - SCA OSTRAND MILL EXPANSION AND FORESTRY - Miljökonsekvensbeskrivning - Ansökan om tillstånd för produktion av
    Publication Date
    21 Jul 2017
    Document language
    Main Topic
    Lending
    Document Number
    77103954
    Document Focus
    Environmental Information
    Project Number
    20160146
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - SCA OSTRAND MILL EXPANSION AND FORESTRY
    Publication Date
    21 Jul 2017
    Document language
    Main Topic
    Lending
    Document Number
    66866266
    Document Focus
    Environmental Information
    Project Number
    20160146
    Regions
    Countries
    Publicly available
    Download now

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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.
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