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Signature(s)

Amount
€ 140,000,000
Countries
Sector(s)
Finland : € 70,000,000
Sweden : € 70,000,000
Industry : € 140,000,000
Signature date(s)
11/01/2007 : € 70,000,000
11/01/2007 : € 70,000,000
Link to source
Data sheet

Summary sheet

Release date
4 May 2006
Status
Reference
Signed | 11/01/2007
20050546
Project name
Promoter - financial intermediary
Stora Enso RDI
Stora Enso Corporation
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Loan of up to EUR 120 million.
EUR 240 million.
Location
Sector(s)
Description
Objectives

The project encompasses the Promoter’s research, development and innovative downstream investments (RDI) over a four year period (2005-2008).

The project will support the research activities and technical development within a world-leading European group in forest industry products.

Environmental aspects
Procurement

R&D activities will not materially change current R&D practices and will be carried out within existing facilities, making use of existing laboratories and pilot plants; an EIA therefore is not required by EU Directive 97/11/EC. A part of the R&D programme focuses on development of products and processes whose successful application would reduce environmental impact of pulp and paper production.

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

Comments

Forest industry.

Link to source
Summary sheet

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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Data sheet
Summary sheet

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