Release date: 24 January 2008
Promoter – Financial Intermediary
Kemira Oyj
Location
Description
The project concerns investments in research and development that take place in Kemira’s research and development facilities in Finland.
Objectives
The project will support the research activities and technical development within a leading European company in industry-specific chemicals. It is in line with the European Council recommendations to increase and reinforce investments in human capital, research and innovation.
Sector(s)
Proposed EIB finance (Approximate amount)
Loan of up to EUR 100 million.
Total cost (Approximate amount)
EUR 200 million.
Environmental aspects
The project concerns the continuation of current RDI practice and will be carried out within existing facilities (laboratories, pilot plants, etc.). An EIA therefore is not required by EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. Compliance of R&D activities with relevant EU environmental legislation will be verified during appraisal.
Procurement
The promoter is a private company, not operating in the utilities sector, and is not covered by EU Directives on procurement.
Status
Signed - 6/06/2008
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).