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    Signature(s)

    Amount
    € 90,000,000
    Countries
    Sector(s)
    Sweden : € 22,500,000
    Finland : € 67,500,000
    Industry : € 90,000,000
    Signature date(s)
    12/01/2015 : € 22,500,000
    12/01/2015 : € 67,500,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    10 October 2014
    Status
    Reference
    Signed | 12/01/2015
    20140346
    Project name
    Promoter - financial intermediary
    VALMET INNOVFIN
    VALMET OYJ
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Not disclosed.
    Not disclosed.
    Location
    Sector(s)
    Description
    Objectives

    RDI related to pulp, paper and power-generation technologies in the period 2015-2018.

    The project aims to enhance competitiveness and improve energy and material efficiency of the promoter's products.

    Environmental aspects
    Procurement

    RDI activities in the field of pulp mills, tissue, board and paper production lines, and power plants for bio-energy production do not fall under any annexes of the Environmental Impact Assessment (EIA) Directive 2011/92/EU and therefore do not require an Environmental Impact Assessment. The proposed activities are expected to be carried out in existing R&D centres that will not change their scope due to the project.

    Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.

    Comments

    The InnovFin 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
    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) - VALMET INNOVFIN
    Publication Date
    30 Jan 2016
    Document language
    Main Topic
    Lending
    Document Number
    55885579
    Document Focus
    Environmental Information
    Project Number
    20140346
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links
    Summary sheet
    Data 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.

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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.

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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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