Release date: 18 August 2016
Promoter – Financial Intermediary
BASF SELocation
Description
Research and development (R&D) related to innovations in chemistry during 2016 to 2017
Objectives
The project aims to strengthen the company's long-term competitive edge through technology and innovation leadership.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 670 million
Total cost (Approximate amount)
EUR 1740 million
Environmental aspects
The project mainly includes R&D activities that are not specifically mentioned under the Environmental Impact Assessment (EIA) Directive and that will be carried out in existing facilities without changing their already authorised scope. The project would therefore not require an EIA under Directive 2011/92/EU, as amended.
The project might also include fixed capital investment related to R&D facility extensions and/or pilot plants that could fall under Annex II of the EIA Directive. This will be assessed during the project appraisal with other environmental details.
Procurement
The company is a private company not operating in the Utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. The Bank will require the company to ensure that the project will be implemented in accordance with the Bank's Guide to Procurement.
Status
Signed - 15/12/2016
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).