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        EVONIK CHEMICALS RDI RSFF

        Signature(s)

        Amount
        € 200,000,000
        Countries
        Sector(s)
        Germany : € 200,000,000
        Industry : € 200,000,000
        Signature date(s)
        30/06/2011 : € 200,000,000

        Summary sheet

        Release date
        14 June 2010
        Status
        Reference
        Signed | 30/06/2011
        20090708
        Project name
        Promoter - financial intermediary
        Evonik Chemicals RDI RSFF

        Evonik Industries AG

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 200 million.
        EUR 660 million.
        Location
        Sector(s)
        Description
        Objectives

        Co-financing of the promoter’s research, development and innovation expenditure in the development of leading-edge technologies and strategic innovations in the field of specialty chemicals for different market applications.

        The project concerns investments in research and technology as well as product and process development driven by the promoter’s long-term strategy, focusing on high-value added products with the objective to strengthen the long-term competitive edge through technology and innovation leadership.

        Environmental aspects
        Procurement

        The R&D activities encompassed within this project will not materially change current R&D practices and will be carried out within existing facilities. Thus, an Environmental Impact Assessment (EIA) according to the EU Directive 97/11/EC, as amended by directive 2003/35/EC, should not be required. Compliance of R&D activities with relevant EU environmental legislation will be verified during appraisal.

        Procurement procedures followed and applicability of EU public procurement legislation will be verified during the appraisal.

        Comments

        The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

        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.

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        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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