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    Signature(s)

    Amount
    € 250,000,000
    Countries
    Sector(s)
    Luxembourg : € 15,000,000
    Spain : € 35,000,000
    Germany : € 50,000,000
    Belgium : € 75,000,000
    France : € 75,000,000
    Industry : € 250,000,000
    Signature date(s)
    15/07/2010 : € 15,000,000
    15/07/2010 : € 35,000,000
    15/07/2010 : € 50,000,000
    15/07/2010 : € 75,000,000
    15/07/2010 : € 75,000,000

    Summary sheet

    Release date
    23 September 2009
    Status
    Reference
    Signed | 15/07/2010
    20080197
    Project name
    Promoter - financial intermediary
    Steel product and processing R&D Facility
    The promoter is a leading steel producer.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 250 million
    Approximately EUR 600 million
    Description
    Objectives

    The project consists of activities for research, engineering and technological innovation related to process improvements (aimed at energy reductions, emission reductions, recovery and recycling of steel, steel and metal products, and by-products), and new steel product developments.

    The project is in line with the research priorities in the European Steel Technology Platform’s Strategic Research Agenda, driving the productivity, competitiveness and environmental sustainability of the European steel industry, consistent with the recommendations of the Lisbon Council.

    Environmental aspects
    Procurement

    The R&D activities are carried out in existing plants and are therefore not expected to be subject to an Environmental Impact Assessment (EIA). Certain activities that are needed for the first industrial implementation of improved processes, despite being carried out in existing plants, due to new technical features may cause the project to fall under appendix II of Directive 85/337, amended by Directive 97/11, leaving to local authorities to decide whether an EIA should be performed. This will be addressed during the appraisal.

    The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.

    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).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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