The EIB, with the support of the European Commission, has granted a EUR 75m loan to ArcelorMittal[iii] for the construction of two ground-breaking projects at ArcelorMittal Ghent, Belgium, to considerably reduce carbon emissions by converting waste and by-products into valuable new products, helping to develop low-carbon steelmaking technologies, in line with the EU’s climate objectives.
The EIB and the Flanders Participation Company (PMV) have signed a EUR 60 million loan agreement with a view to setting up a new platform, managed by PMV, for loans to Flemish SMEs. This will allow PMV to expand its range of flexible financial instruments with long-term loans for larger SMEs as an alternative to issuing bonds.
KBC, CBC and the EIB are launching a loan facility totalling EUR 300 million for Belgian companies. In this way, KBC, CBC and the EIB demonstrate their commitment to realising more sustainable projects in Belgium.