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Signature(s)

Amount
€ 300,000,000
Countries
Sector(s)
Finland : € 300,000,000
Industry : € 300,000,000
Signature date(s)
12/12/2023 : € 50,000,000
12/12/2023 : € 50,000,000
11/02/2021 : € 200,000,000
Link to source

Summary sheet

Release date
3 September 2021
Status
Reference
Signed | 11/02/2021
20190706
Project name
Promoter - financial intermediary
KEMI BIOPRODUCT MILL
METSA FIBRE OY
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million
EUR 604 million
Location
Sector(s)
Description
Objectives

The projects consists of investments in the energy island and environmental protection measures of a larger project aiming at upgrading an existing pulp mill at the Promoter's site operational in Kemi, Finland.

The project aims at developing a modern pulp mill for the manufacturing of renewable pulp, through highly efficient production capacity, using sustainable feedstock.

Environmental aspects
Procurement

The project's compliance with all applicable national and EU environmental legislation will be verified during the appraisal. An environmental impact assessment will be carried out and mitigating and/or compensation measures applied as necessary.

The Bank will require the Promoter to ensure that any procurement procedures are done in accordance with the relevant applicable EU procurement rules.

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) - KEMI BIOPRODUCT MILL
Publication Date
8 Feb 2022
Document language
Main Topic
Lending
Document Number
125872363
Document Focus
Environmental Information
Project Number
20190706
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - KEMI BIOPRODUCT MILL - YMPÄRISTÖVAIKUTUSTEN ARVIOINTIOHJELMA
Publication Date
12 Oct 2023
Document language
Main Topic
Lending
Document Number
131840606
Document Focus
Environmental Information
Project Number
20190706
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - KEMI BIOPRODUCT MILL - Environmental Impact Assessment Report
Publication Date
15 Oct 2023
Document language
Main Topic
Lending
Document Number
179925840
Document Focus
Environmental Information
Project Number
20190706
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - KEMI BIOPRODUCT MILL
Publication Date
30 Dec 2024
Document language
Main Topic
Lending
Document Number
238333266
Document Focus
Environmental Information
Project Number
20190706
Sector(s)
Regions
Countries
Publicly available
Download now
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News & Stories

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Photogallery

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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