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        ICL SPECIALTY CHEMICALS R&D (RSFF)

        Signature(s)

        Amount
        € 100,000,000
        Countries
        Sector(s)
        United Kingdom : € 3,277,500
        The Netherlands : € 10,356,900
        Spain : € 10,793,900
        Germany : € 19,271,700
        Israel : € 56,300,000
        Industry : € 100,000,000
        Signature date(s)
        17/12/2009 : € 3,277,500
        17/12/2009 : € 10,356,900
        17/12/2009 : € 10,793,900
        17/12/2009 : € 19,271,700
        17/12/2009 : € 56,300,000

        Summary sheet

        Release date
        16 November 2009
        Status
        Reference
        Signed | 17/12/2009
        20090479
        Project name
        Promoter - financial intermediary
        ICL Specialty Chemicals R&D (RSFF)
        Israel Chemicals Ltd. (ICL)
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Indicative amount
        The project cost is estimated at about EUR 200 million.
        Location
        Sector(s)
        Description
        Objectives

        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.

        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.

        Environmental aspects
        Procurement

        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.

        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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