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Signature(s)

Amount
€ 164,805,463.93
Countries
Sector(s)
Germany : € 164,805,463.93
Industry : € 164,805,463.93
Signature date(s)
10/03/2003 : € 65,000,000
5/12/2003 : € 99,805,463.93
Link to source

Summary sheet

Release date
5 July 2002
Status
Reference
Signed | 10/03/2003
20010529
Project name
Promoter - financial intermediary
Wacker Silikon Sachsen
Wacker-Chemie GmbH.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 250 million.
Up to EUR 500 million.
Location
Sector(s)
Description
Objectives

The project comprises several investments aiming at the modernisation and expansion of the silicone production site, including the improvement of related infrastructure and of safety and environmental protection.

The project aims at increasing the site's competitiveness, while reducing environmental impact of the activities.

Environmental aspects
Procurement

The modernisation of the site will result in improved efficiency and reduced emissions per product unit. The investment program falls under Annex II of the directive EC/97/11 and a full environmental impact assessment (EIA) is being carried out for each subproject involved. Environmental studies also comprise a comprehensive safety and environmental protection audit of the site, in accordance with Council Directive 96/82/EC.

The promoter's procurement procedures, standard for the industry, consist in international enquiry amongst a short-list of pre-qualified contractors and of suppliers for the equipment, while civil works will be awarded through national tendering.

Comments

Chemical industry.

Link to source

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).

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