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Signature(s)

Amount
€ 30,000,000
Countries
Sector(s)
France : € 30,000,000
Industry : € 30,000,000
Signature date(s)
23/05/2017 : € 30,000,000
Link to source
Data sheet

Summary sheet

Release date
2 December 2015
Status
Reference
Signed | 23/05/2017
20150454
Project name
Promoter - financial intermediary
ECOTITANIUM
ERAMET SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Not disclosed.
Not disclosed.
Location
Sector(s)
Description
Objectives

First European facility for recycling aviation-grade titanium

The project comprises the first European industrial plant to recycle and re-melt aviation-grade scrap titanium metal and titanium alloys. All aviation-grade European titanium scrap currently has to be exported, mainly to the United States, as no such facility exists in Europe. The project would therefore close the recycling loop, making use of valuable metal scraps from European manufacturing sources which are currently lost for the European market, and thereby help to establish a circular economy for titanium metal and alloys in Europe.

Environmental aspects
Procurement

The project falls under Annex I of Directive 2011/92/EU. An environmental impact assessment (EIA) was conducted in 2014 by an independent consultant. It was approved at the end of 2014 by the competent authority. It concludes that the project has no major negative impact on the environment.

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 subject to EU rules on public procurement.

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) - ECOTITANIUM
Publication Date
10 May 2016
Document language
Main Topic
Lending
Document Number
66342158
Document Focus
Environmental Information
Project Number
20150454
Sector(s)
Regions
Countries
Publicly available
Download now
Non-Technical Summary (NTS) - ECOTITANIUM - Site de Saint-Georges-de-Mons (63)
Publication Date
28 Oct 2016
Document language
Main Topic
Lending
Document Number
70856907
Document Focus
Environmental Information
Project Number
20150454
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - ECOTITANIUM
Publication Date
21 Jan 2020
Document language
Main Topic
Lending
Document Number
90165990
Document Focus
Environmental Information
Project Number
20150454
Sector(s)
Regions
Countries
Publicly available
Download now

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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.
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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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