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Financing of Wacker Chemie AG's investments in research and development (R&D) related to chemical products (silicons, polymers, biosolutions, basic research and application technology)
The project will contribute to the promoter's research and development work, focusing on 12 key strategic projects in the fields of renewable energy, biotechnology, construction applications, and closed-loop production processes.
The project consists of R&D activities that are not specifically mentioned in the Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended by 2014/52/EU) and that will be carried out in existing facilities without changing their already authorised scope. The project would therefore not require an EIA. However, the Bank's services will review during the project appraisal all the project-related environmental details.
The promoter is a private company not operating in the Utilities sector and not having a status of a contracting authority. Thus it is not covered by EU directives on procurement.