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Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Luxembourg : € 15,000,000
Spain : € 35,000,000
Germany : € 50,000,000
Belgium : € 75,000,000
France : € 75,000,000
Industry : € 250,000,000
Signature date(s)
15/07/2010 : € 15,000,000
15/07/2010 : € 35,000,000
15/07/2010 : € 50,000,000
15/07/2010 : € 75,000,000
15/07/2010 : € 75,000,000
Link to source

Summary sheet

Release date
23 September 2009
Status
Reference
Signed | 15/07/2010
20080197
Project name
Promoter - financial intermediary
Steel product and processing R&D Facility
The promoter is a leading steel producer.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 250 million
Approximately EUR 600 million
Description
Objectives

The project consists of activities for research, engineering and technological innovation related to process improvements (aimed at energy reductions, emission reductions, recovery and recycling of steel, steel and metal products, and by-products), and new steel product developments.

The project is in line with the research priorities in the European Steel Technology Platform’s Strategic Research Agenda, driving the productivity, competitiveness and environmental sustainability of the European steel industry, consistent with the recommendations of the Lisbon Council.

Environmental aspects
Procurement

The R&D activities are carried out in existing plants and are therefore not expected to be subject to an Environmental Impact Assessment (EIA). Certain activities that are needed for the first industrial implementation of improved processes, despite being carried out in existing plants, due to new technical features may cause the project to fall under appendix II of Directive 85/337, amended by Directive 97/11, leaving to local authorities to decide whether an EIA should be performed. This will be addressed during the appraisal.

The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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