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    Signature(s)

    Amount
    € 140,000,000
    Countries
    Sector(s)
    Germany : € 25,200,000
    Sweden : € 47,600,000
    Finland : € 67,200,000
    Industry : € 140,000,000
    Signature date(s)
    14/06/2013 : € 25,200,000
    14/06/2013 : € 47,600,000
    14/06/2013 : € 67,200,000
    Link to source

    Summary sheet

    Release date
    18 February 2013
    Status
    Reference
    Signed | 14/06/2013
    20120599
    Project name
    Promoter - financial intermediary
    STORA ENSO RDI III
    STORA ENSO OYJ
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    EUR 300 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns financing of RDI relating to sustainable packaging and other wood fibre based products during the period of 2013-2016.

    The programme has two main goals. The first is to develop new micro cellulose, nano materials, and new technologies to separate the most valuable wood components for various usage and applications. The second main goal is to increase sustainability, productivity and resource efficiency within the Promoter’s fibre-based forest industries as a whole.

    Environmental aspects
    Procurement

    The project concerns investments in Research and Development that are expected to be carried out in existing facilities, already authorised, and which would therefore not require an EIA under Directive 2011/92/EU. At appraisal, it will be determined if any of the work to be carried out would require a change to existing environmental permits.

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

    Link to source
    Summary sheet
    Other links

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - STORA ENSO RDI III
    Publication Date
    7 Feb 2014
    Document language
    Main Topic
    Lending
    Document Number
    46975399
    Document Focus
    Environmental Information
    Project Number
    20120599
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links
    Summary sheet

    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 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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