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Signature(s)

Amount
€ 70,000,000
Countries
Sector(s)
Germany : € 70,000,000
Industry : € 70,000,000
Signature date(s)
22/06/2010 : € 70,000,000
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Summary sheet

Release date
5 May 2009
Status
Reference
Signed | 22/06/2010
20080548
Project name
Promoter - financial intermediary
Voith Grüne Papiertechnologie F&E

The promoter is a world-leading supplier of process industry machinery and systems, products and aftermarket services to the paper, energy, transportation and other industries.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 60 million.
Estimated at EUR 120 million.
Location
Sector(s)
Description
Objectives

The project concerns investments in research, development and innovation related to the pulp and paper production technology, as well as associated automation. It centres on a concept with the aim to study and optimise the sustainable use of materials and improve efficiency and energy requirements of the process.

The project’s objective is to support development of the so-called Integrated Recycled Paper Mill Concept focused on i) sustainable use of wood, fresh water and other materials, ii) energy efficiency improvement, and iii) energy generation from residuals and organic water contaminants.

Environmental aspects
Procurement

The project concerns the continuation of current RDI practice and will be carried out within existing facilities (laboratories, pilot plants, etc.). An EIA is therefore not required by Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. Compliance of RDI activities with relevant EU environmental legislation will also be verified during appraisal. The project output will lead to environmental improvement in paper processing facilities.

Procurement is in line with EIB guidelines for private sector projects.

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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).

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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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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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