Vice-President Fayolle's areas of oversight include financing innovation, science, education, digital, health and technology, new products and special transactions, microfinance, European Fund for Strategic Investments (EFSI), development (policy and horizontal issues), planning, budget and cost support to President Hoyer (jointly with Vice-President McDowell), relations with international financial institutions and financing operations in France, Germany, the ACP countries and OCTs (except the Caribbean States and the Community of Latin American and Caribbean States (CELAC)) and South Africa.
Austria, Sweden, Finland: Borealis receives EIB loan for development of circular economy solutions for plastics
The EIB and Borealis have successfully closed a benchmark financing agreement that supports the Borealis research, development and innovation (RDI) programme in the circular economy sphere. The EIB will provide a €250 million loan supporting Borealis’ multi-year investment programme in the area of plastics circularity, in line with its objectives to support innovation, climate action and sustainability.
