Release date: 29 July 2013
Promoter – Financial Intermediary
Borealis AGLocation
Description
Financing of new R&D facilities and research activities on plastic materials.
Objectives
Knowledge Economy
Climate Action
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 150 million
Total cost (Approximate amount)
EUR 300 million
Environmental aspects
The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised and would therefore not require an EIA under the Directive 2011/92/EU. However, the Bank’s services will review during the project appraisal whether the investment also concerns capital expenditures that could fall under Annex II of the EIA Directive, as well as any other environmental details.
Procurement
The promoter is a private company not operating in the Utilities sector and not having a status of a contracting authority. Thus it is not covered by EU Directives on procurement.
Status
Signed - 21/11/2013
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).