Release date: 14 June 2010
Promoter – Financial Intermediary
Evonik Industries AG
Location
Description
Co-financing of the promoter’s research, development and innovation expenditure in the development of leading-edge technologies and strategic innovations in the field of specialty chemicals for different market applications.
Objectives
The project concerns investments in research and technology as well as product and process development driven by the promoter’s long-term strategy, focusing on high-value added products with the objective to strengthen the long-term competitive edge through technology and innovation leadership.
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.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million.
Total cost (Approximate amount)
EUR 660 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. Thus, an Environmental Impact Assessment (EIA) according to the EU Directive 97/11/EC, as amended by directive 2003/35/EC, should not be required. Compliance of R&D activities with relevant EU environmental legislation will be verified during appraisal.
Procurement
Procurement procedures followed and applicability of EU public procurement legislation will be verified during the appraisal.
Status
Signed - 30/06/2011
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).