Release date: 5 July 2002
Promoter – Financial Intermediary
Wacker-Chemie GmbH.Location
Description
The project comprises several investments aiming at the modernisation and expansion of the silicone production site, including the improvement of related infrastructure and of safety and environmental protection.
Objectives
The project aims at increasing the site's competitiveness, while reducing environmental impact of the activities.
Comments
Chemical industry.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 250 million.
Total cost (Approximate amount)
Up to EUR 500 million.
Environmental aspects
The modernisation of the site will result in improved efficiency and reduced emissions per product unit. The investment program falls under Annex II of the directive EC/97/11 and a full environmental impact assessment (EIA) is being carried out for each subproject involved. Environmental studies also comprise a comprehensive safety and environmental protection audit of the site, in accordance with Council Directive 96/82/EC.
Procurement
The promoter's procurement procedures, standard for the industry, consist in international enquiry amongst a short-list of pre-qualified contractors and of suppliers for the equipment, while civil works will be awarded through national tendering.
Status
Signed - 10/03/2003
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).