Release date: 16 September 2011
Promoter – Financial Intermediary
Boliden AB (publ)
Location
Description
The project concerns an increase of electronic scrap recycling capacity at the Rönnskär copper smelter in Sweden.
Objectives
Electronic metal scrap (e-scrap) is one of the quickest growing recycling materials. The project site recycles some 45 000 tonnes per year of e-scrap, and after the expansion this capacity will reach some 120 000 tonnes per year.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 85 million
Total cost (Approximate amount)
EUR 178 million
Environmental aspects
The project falls under Annex II of the EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC, and the request for an Environmental Impact assessment (EIA), would therefore be at the discretion of local and national authorities. However, it has been indicated to the Bank that a specific EIA is not needed, as it is integrated in the global authorisation permitting procedure which is extensive and currently on-going. The Bank’s services will clarify the possible need for an EIA, as well as any other environmental details during appraisal.
Procurement
The promoter is a private company not operating in the utilities sector, and is thus not covered by EU Directives on procurement. The company is expected to obtain equipment and services for the project from amongst the few specialised engineering companies, using international negotiations. This procedure, which is usual in this industry, would be in the best interest of the project and in line with the Bank’s procurement policy for private industry projects.
Status
Signed - 29/12/2011
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).