Release date: 4 May 2006
Promoter – Financial Intermediary
Stora Enso CorporationLocation
Description
The project encompasses the Promoter’s research, development and innovative downstream investments (RDI) over a four year period (2005-2008).
Objectives
The project will support the research activities and technical development within a world-leading European group in forest industry products.
Comments
Forest industry.
Sector(s)
Proposed EIB finance (Approximate amount)
Loan of up to EUR 120 million.
Total cost (Approximate amount)
EUR 240 million.
Environmental aspects
R&D activities will not materially change current R&D practices and will be carried out within existing facilities, making use of existing laboratories and pilot plants; an EIA therefore is not required by EU Directive 97/11/EC. A part of the R&D programme focuses on development of products and processes whose successful application would reduce environmental impact of pulp and paper production.
Procurement
The promoter is a private company and therefore not bound by EU Directives on procurement.
Status
Signed - 11/01/2007
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).