Release date: 9 October 2008
Promoter – Financial Intermediary
Metso Corporation
Location
Description
The project concerns investments in research, development and innovation (RDI) related environmental products and services as well as in strategic product development programmes.
Objectives
The project supports Metso’s strategic focus on the environmental business in pulp, paper, construction, mining and energy industries.
Sector(s)
Proposed EIB finance (Approximate amount)
Approximately up to EUR 160 million.
Total cost (Approximate amount)
Approximately EUR 334 million.
Environmental aspects
The project concerns the continuation of current RDI practice and will be carried out within existing facilities; an Environmental Impact Assessment (EIA) is therefore not required by EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. Full environmental details will be assessed during appraisal, including the possible impacts on protected flora and fauna (Habitats’ 92/43/EEC and Birds’ 79/409/EEC Directives).
Procurement
The promoter is a private company, not operating in the utilities sector, and is not covered by EU Directives on procurement.
Status
Signed - 21/11/2008
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).