Release date: 30 May 2016
Promoter – Financial Intermediary
WACKER CHEMIE AGLocation
Description
Financing of Wacker Chemie AG's investments in research and development (R&D) related to chemical products (silicons, polymers, biosolutions, basic research and application technology)
Objectives
The project will contribute to the promoter's research and development work, focusing on 12 key strategic projects in the fields of renewable energy, biotechnology, construction applications, and closed-loop production processes.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 450 million
Environmental aspects
The project consists of R&D activities that are not specifically mentioned in the Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended by 2014/52/EU) and that will be carried out in existing facilities without changing their already authorised scope. The project would therefore not require an EIA. However, the Bank's services will review during the project appraisal all the project-related 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 - 20/10/2016
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).