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ZELLSTOFFFABRIK STENDAL

Signature(s)

Amount
€ 495,000,000
Countries
Sector(s)
Germany : € 495,000,000
Industry : € 495,000,000
Signature date(s)
13/02/2004 : € 245,000,000
9/12/2003 : € 250,000,000
Link to source
Data sheet
ZELLSTOFFFABRIK STENDAL
Other links
Summary sheet
Zellstoffabrik Stendal

Summary sheet

Release date
13 June 2003
Status
Reference
Signed | 09/12/2003
19971040
Project name
Promoter - financial intermediary
Zellstoffabrik Stendal
Zellstoff Stendal GmbH
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 50 % of total project cost
Approximately EUR 1 bn
Location
Sector(s)
Description
Objectives

Design and construction of a greenfield Northern Bleached Softwood Kraft Pulp (NBSKP) Mill in Saxony-Anhalt.

The project is located in Arneburg, near Stendal (Saxony-Anhalt), which is a designated objective 1 area. The project will create a total of 580 new jobs (387 pulp mill, 80 logistics company, 113 wood supply company). In addition, more than 100 % of indirect jobs are anticipated to be created, mainly in wood procurement and transportation. The project can be expected to give a boost to this assisted area by providing employment opportunities and thereby business confidence to the region.

Environmental aspects
Procurement

The project falls under Annex 1 of EU Directive 97/11. An EIA has been prepared and relevant permits have been obtained or will be obtained (mainly for the recovery boiler) before the plant is put into operation. The environmental impact of the plant is well mitigated (liquid effluents, atmospheric emissions and solid residues) and in accordance with the BundesImmissionschutz= gesetz (German legislation covering environmental issues).

International tendering procedure for the main production process.

Link to source
Summary sheet
Zellstoffabrik Stendal
Other links
Data sheet
ZELLSTOFFFABRIK STENDAL

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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