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KEMIRA RDI

Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Sweden : € 10,000,000
Finland : € 90,000,000
Industry : € 100,000,000
Signature date(s)
21/04/2006 : € 10,000,000
21/04/2006 : € 90,000,000
Link to source
Data sheet
KEMIRA RDI
Other links
Summary sheet
Kemira RDI

Summary sheet

Release date
18 January 2006
Status
Reference
Signed | 21/04/2006
20050290
Project name
Promoter - financial intermediary
Kemira RDI
Kemira Corporation
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 100 million.
EUR 220 million.
Location
Sector(s)
Description
Objectives

The project encompasses the Promoter’s R&D related activities and investments over a four year period (2004-2007).

The project will support the research activities and technical development within a leading European company in industry-specific chemicals. It is in line with the European Council recommendations to increase and reinforce investments in human capital, research and innovation. A part of the project concerns the research activities of the Group’s decentralised R&D centres in Oulu and Pori, which are located in Objective 2 areas.

Environmental aspects
Procurement

R&D will be carried out in the existing laboratories and pilot plants and have no material environmental impact. Part of the activities involves the development of more environmentally efficient products and manufacturing practices for industrial clients.

The promoter is a private company and therefore not bound by EU Directives on procurement.

Comments

Article 267, point c: “Research and Development; furthering private sector investments in R&D and Innovation (RDI)” and the Innovation 2010 Initiative.

Link to source
Summary sheet
Kemira RDI
Other links
Data sheet
KEMIRA RDI

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.

Media enquiries

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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