Summary sheet
The design, construction and operation of the FlagshipONE industrial facility that will produce renewable electro-methanol (e-methanol) from electricity and waste CO2. The plant will be located in Örnsköldsvik in Northern Sweden, and will have the capacity to produce ca. 55 kt/y of e-methanol per annum, to be used as green fuel for the shipping industry.
The Bank's involvement aims to support the first commercial demonstration of the power-to-methanol concept.
The Project falls under Annex I of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending 2011/92/EU, requiring an EIA. The Promoter will be requested to comply with applicable national and EU legislation.
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the promoter is subject to the EU public procurement legislation, then the Bank would duly inform the Commission Services and would require the promoter to apply those rules
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
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.
Related publications