Release date: 28 September 2004
Promoter – Financial Intermediary
Pirelli & C SpA.Location
Description
The project comprises fundamental research in material innovation (fuel cells, superconductivity and environmental sensors) and applied research (new processes for recycling used tyres, cable insulation and eco compounds for tyre production).
Objectives
The project contributes to the Lisbon strategy of making the EU a competitive knowledge-based economy. In addition, parts of the project have very strong positive externalities in the environmental and safety areas (fuel cell, environmental sensor, and tyre pressure systems) as well as in the form of knowledge exchange and diffusion as parts of research is undertaken in cooperation with universities and other industrial partners or customers.
Comments
Research, Development and Innovation (RDI).
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 m.
Total cost (Approximate amount)
EUR 670 m.
Environmental aspects
The RDI activities under this project will be carried out in existing research centres and test facilities, and will not require any new construction. An EIA is therefore not required per EU Directive 97/11 or prevailing national legislation.
Procurement
Procurement regulations do not apply to this private industry project.
Status
Signed - 10/08/2004
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).