Release date: 8 June 2007
Promoter – Financial Intermediary
Myllykoski OyjLocation
Description
Loan facility to finance Myllykoski Oyj’s energy efficiency, environment and R&D related investments mainly in Germany.
Objectives
Improve energy efficiency, environmental footprint and R&D capabilities of the Myllykoski group.
Comments
Manufacturing.
Sector(s)
Proposed EIB finance (Approximate amount)
up to 50% of the investment costs.
Environmental aspects
The project, except one individual investment, does not fall under the Annex I or II of the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. For the investment falling under the EIA Directive, the promoter has carried out an EIA detailing cumulative impacts on the mill site including the proposed investment.
Procurement
The promoter utilises procurement procedures, which are usual in the industry and are satisfactory to EIB. The promoter follows the procurement procedures required by national and European legislation.
Status
Signed - 23/11/2007
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).