Release date: 22 April 2009
Promoter – Financial Intermediary
The promoter is a leading specialty chemicals company.Location
Description
The project concerns investments in research and development related to plastics, rubber, intermediates and specialty chemicals.
Objectives
The aim is to increase the promoter’s competitiveness and to expand the company’s business through the development of technology-driven processes and products.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million.
Total cost (Approximate amount)
EUR 400 million.
Environmental aspects
The R&D activities encompassed within this project will not materially change current R&D practices and will be carried out within existing facilities, making use of existing laboratories, pilot plants, testing facilities etc. Thus an EIA according to the EU Directive 97/11/EC, as amended by Directive 2003/35/EC is not required. Compliance of R&D activities with relevant EU environmental legislation will be verified during appraisal.
Procurement
The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement. Procedures followed will be verified during appraisal.
Status
Signed - 1/03/2011
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).