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    Signature(s)

    Amount
    € 275,000,000
    Countries
    Sector(s)
    Finland : € 275,000,000
    Industry : € 275,000,000
    Signature date(s)
    12/06/2015 : € 75,000,000
    10/06/2015 : € 200,000,000

    Summary sheet

    Release date
    12 February 2015
    Status
    Reference
    Signed | 10/06/2015
    20140557
    Project name
    Promoter - financial intermediary
    ÄÄNEKOSKI BIO-PRODUCT MILL
    METSÄ FIBRE OY
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 275 million
    EUR 1225 million
    Location
    Sector(s)
    Description
    Objectives

    Construction of a new 1.3 million tonnes per annum (tpa) bio-product mill in Äänekoski, Finland.

    The new bio-product mill will replace the old pulp mill in the same location.

    Environmental aspects
    Procurement

    The project falls under the scope of Annex I of Directive 2011/92/EC and is subject to Directive 2010/75/EC. A full environmental impact assessment (EIA) is required. The promoter has prepared a full EIA study and is currently undergoing the permitting procedure with public consultation executed in 2014 (http://www.ymparisto.fi/aanekoskenbiotuotetehdasYVA). The project will be implemented in an existing industrial site far from any site of nature conservation. Full environmental assessment (including application of best available techniques for emission control) will be executed during the project's due diligence.

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the EU Official Journal, as and where required.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Impact Assessment (ESIA) - ÄÄNEKOSKI BIO-PRODUCT MILL - Information on the EIA process
    Publication Date
    16 Apr 2016
    Document language
    Main Topic
    Lending
    Document Number
    58445353
    Document Focus
    Environmental Information
    Project Number
    20140557
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - ÄÄNEKOSKI BIO-PRODUCT MILL - Full EIA Study
    Publication Date
    16 Apr 2016
    Document language
    Main Topic
    Lending
    Document Number
    58445783
    Document Focus
    Environmental Information
    Project Number
    20140557
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - AANEKOSKI BIO-PRODUCT MILL
    Publication Date
    4 Jun 2015
    Document language
    Main Topic
    Lending
    Document Number
    59536458
    Document Focus
    Environmental Information
    Project Number
    20140557
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - AANEKOSKI BIO-PRODUCT MILL
    Publication Date
    29 Jan 2020
    Document language
    Main Topic
    Lending
    Document Number
    123714758
    Document Focus
    Environmental Information
    Project Number
    20140557
    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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