Release date: 13 June 2003
Promoter – Financial Intermediary
Zellstoff Stendal GmbHLocation
Description
Design and construction of a greenfield Northern Bleached Softwood Kraft Pulp (NBSKP) Mill in Saxony-Anhalt.
Objectives
The project is located in Arneburg, near Stendal (Saxony-Anhalt), which is a designated objective 1 area. The project will create a total of 580 new jobs (387 pulp mill, 80 logistics company, 113 wood supply company). In addition, more than 100 % of indirect jobs are anticipated to be created, mainly in wood procurement and transportation. The project can be expected to give a boost to this assisted area by providing employment opportunities and thereby business confidence to the region.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50 % of total project cost
Total cost (Approximate amount)
Approximately EUR 1 bn
Environmental aspects
The project falls under Annex 1 of EU Directive 97/11. An EIA has been prepared and relevant permits have been obtained or will be obtained (mainly for the recovery boiler) before the plant is put into operation. The environmental impact of the plant is well mitigated (liquid effluents, atmospheric emissions and solid residues) and in accordance with the BundesImmissionschutz= gesetz (German legislation covering environmental issues).
Procurement
International tendering procedure for the main production process.
Status
Signed - 9/12/2003
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).