Übersicht
The loan will finance an integrated graphite anode project powered by renewable energy, to produce low emission intensity anodes supporting green battery manufacturing in Europe.
The objective of the project is to contribute to the global green transformation of transportation, the EU battery value chain and EU resource independence.
The installation falls under Annex I of the environmental impact assessment (EIA) directive 2014/52/EU amending the EIA Directive 2011/92/EU and hence is subject to a full EIA. The project requires EIAs at both the mine site and the processing plant. The permitting process is well advanced and the promoter understands the timelines associated with approval. Environmental and social aspects will be appraised in detail during due diligence. In particular, considering the presence of Sámi villages in the project area, due attention will be paid to impacts on Indigenous Peoples and how those are addressed through the EIA process and beyond.
The promoter is a private company not subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the promoter is subject to EU public procurement legislation, then the European Commission will be duly informed and the promoter will be requested to apply those rules.