Release date: 17 December 2014
Promoter – Financial Intermediary
LANXESS AGLocation
Description
The project finances research and development related to performance chemicals, advanced intermediates and performance polymers.
Objectives
The aim is to increase the promoter's competitiveness and expand the company's business through the development of technology-driven processes and products.
Comments
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 415 million
Environmental aspects
The project concerns investments in research and development (R&D). R&D activities are not specifically mentioned in the Environmental Impact Assessment (EIA) Directive 2011/92/EU, and the project is expected to be carried out in existing facilities without changing their already authorised scope. The project would therefore not require an environmental impact assessment (EIA).
Procurement
The promoter is a private company operating in the manufacturing sector and not having a status of a contracting authority. Procurement is expected to be in line with EIB guidelines for private sector projects.
Status
Signed - 16/12/2014
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).