Release date: 25 March 2010
Promoter – Financial Intermediary
Rautaruukki Oyj
Location
Description
Modernisation and upgrading of blast furnaces in order to obtain a considerable decrease in carbon dioxide emissions and water consumption.
Objectives
Modernisation and upgrading of blast furnaces in order to obtain a considerable decrease in carbon dioxide emissions and water consumption.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 140 million.
Total cost (Approximate amount)
Approximately EUR 280 million.
Environmental aspects
The investment for the environmental upgrade and modernisation of the Raahe plant buildings and technical infrastructure falls under Annex II (Production and processing of metals) of the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. However, the Competent Authority has decided that no EIA is required on the basis of the criteria set in Annex III of the Directive, as the works are located inside an existing industrial site, already authorised.
Procurement
As a privately owned, industrial company, Rautaruukki’s investment decisions are not bound by the EU procurement Directives.
Status
Signed - 24/06/2010
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).