Release date: 20 June 2003
Promoter – Financial Intermediary
Celanese AG, Kronberg/Ts., through its fully-owned subsidiary Celanese Chemicals Europe GmbH.Location
Description
The project concerns the construction of a new synthesis gas (carbon monoxide/hydrogen) plant, a main raw material for the production of a large number of chemicals. The project is located at one of Celanese’s largest production sites in Europe, the “Werk Ruhrchemie” in Oberhausen, North Rhine-Westphalia.
Objectives
The project includes the demolition of the old plant. The new state-of-the-art plant will improve cost and reliability of supply for the downstream production of chemicals and will result in environmental benefits. The syngas and the hydrogen produced in the project will be used as raw material for oxo-products and specialties, chemical intermediates for the production of plasticisers, amines and carbon acids at the site in Oberhausen.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50 % of the project costs
Environmental aspects
As a modification of an existing integrated chemical plant, the project falls under Annex II of EU directive EC/97/11. Local authorities have requested a full Environmental Impact Assessment (EIA), in compliance with existing national legislation. The project, by replacing an old plant with a new state-of-the-art one will result in significant environmental benefits: i.e. improved energy efficiency, lower air emission (particularly CO2) and lower water emissions.
Procurement
The promoter’s procurement procedures consist in, essentially, international enquiry amongst a group of pre-qualified suppliers and civil works awarded through national tendering. These procedures are standard for the industry and in the interest of the project.
Status
Signed - 1/12/2003
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).