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Signature(s)

Amount
€ 400,000,000
Countries
Sector(s)
Germany : € 400,000,000
Industry : € 400,000,000
Signature date(s)
24/05/2018 : € 400,000,000
Link to source

Summary sheet

Release date
17 September 2018
Status
Reference
Signed | 24/05/2018
20180040
Project name
Promoter - financial intermediary
BASF CHEMICALS RDI
BASF SE
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 400 million
EUR 860 million
Location
Sector(s)
Description
Objectives

The project comprises the promoter's research and development (R&D) investments in 2018 focusing on the following key segments: Chemicals, Performance Products, Functional Materials & Solutions, and cross-divisional Corporate Research.

The project aims at strengthening the promoter's long-term competitive edge through technology and innovation leadership and comprises a well-defined portfolio of investments in R&D in several of the promoter's key business segments.

Environmental aspects
Procurement

The project mainly includes R&D activities that are not specifically mentioned under the Environmental Impact Assessment (EIA) Directive and that will be carried out in existing facilities without changing their already authorised scope. The project will therefore not require an EIA under the directive 2014/52/EU amending directive 2011/92/EU.

The promoter is a private company not operating in the Utilities sector and not having a status of a contracting entity. Thus it is 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) - BASF CHEMICALS RDI
Publication Date
22 May 2019
Document language
Main Topic
Lending
Document Number
81504694
Document Focus
Environmental Information
Project Number
20180040
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - BASF CHEMICALS RDI
Publication Date
15 Jan 2020
Document language
Main Topic
Lending
Document Number
94204257
Document Focus
Environmental Information
Project Number
20180040
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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