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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Sweden : € 19,800,000
    Finland : € 32,550,000
    Austria : € 97,650,000
    Industry : € 150,000,000
    Signature date(s)
    21/11/2013 : € 19,800,000
    21/11/2013 : € 32,550,000
    21/11/2013 : € 97,650,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    29 July 2013
    Status
    Reference
    Signed | 21/11/2013
    20130187
    Project name
    Promoter - financial intermediary
    BOREALIS R&D RSFF
    Borealis AG
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    EUR 300 million
    Location
    Sector(s)
    Description
    Objectives

    Financing of new R&D facilities and research activities on plastic materials.

    Knowledge Economy
    Climate Action

    Environmental aspects
    Procurement

    The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised and would therefore not require an EIA under the Directive 2011/92/EU. However, the Bank’s services will review during the project appraisal whether the investment also concerns capital expenditures that could fall under Annex II of the EIA Directive, as well as any other environmental details.

    The promoter is a private company not operating in the Utilities sector and not having a status of a contracting authority. Thus it is not covered by EU Directives on procurement.

    Comments

    The Risk Sharing Finance Facility (RSFF) is an innovative credit risk sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - BOREALIS R&D RSFF
    Publication Date
    7 Feb 2014
    Document language
    Main Topic
    Lending
    Document Number
    49244959
    Document Focus
    Environmental Information
    Project Number
    20130187
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - BOREALIS R&D RSFF
    Publication Date
    14 Nov 2018
    Document language
    Main Topic
    Lending
    Document Number
    80037205
    Document Focus
    Environmental Information
    Project Number
    20130187
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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    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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    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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