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    Reference: 20090479
    Release date: 16 November 2009

    Promoter – Financial Intermediary

    Israel Chemicals Ltd. (ICL)

    Location

    Description

    The project concerns investments in R&D related to speciality chemicals and fertilisers aimed at reducing the cost and environmental impact of production processes and at developing novel products. The project will be implemented between 2010 and 2014.

    Objectives

    Investments in RDI remain a key element in securing the future competitiveness of the chemical industry. These investments typically aim at the adaptation to and development of more efficient and environmentally-friendly process technologies and products.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Indicative amount

    Total cost (Approximate amount)

    The project cost is estimated at about EUR 200 million.

    Environmental aspects

    For R&D activities encompassed within this project that will be carried out within existing facilities, an EIA according to the EU Directive 97/11, as amended by Directive 2003/35 should not be required.

    Procurement

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

    Status

    Signed - 17/12/2009

    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).

    Related tags

    Israel Germany The Netherlands Spain United Kingdom Industry