Release date: 13 April 2016
Promoter – Financial Intermediary
ISRAEL CHEMICALS LTDLocation
Description
Investment programme for research and development (R&D) for 2016-2019
Objectives
The project aims to improve existing products and processes, in terms of both efficiency of production and environmental performance, as well as at increasing the promoter's competitiveness and expanding the company's business through the development of high-added-value downstream products.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 119 million (USD 136 million)
Total cost (Approximate amount)
EUR 240 million (USD 273 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.
Procurement
For activities planned outside the EU, the Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Signed - 6/12/2016
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).