Release date: 9 November 2010
Promoter – Financial Intermediary
Tognum AG
Location
Description
The promoter’s investments in low emission engines and low emission onsite energy systems & components and other related measures to reduce the CO2 emission of engines and energy systems produced by the promoter.
Objectives
The project’s objectives include the reduction of emissions to comply with upcoming regulations (Tier 4/EU Stage IV), reduction of fuel consumption, complementing and expanding the current product portfolio and improvement of efficiency.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million.
Total cost (Approximate amount)
Approx. EUR 400 million.
Environmental aspects
The project concerns investments in R&D that are expected to be carried out in existing facilities already authorised, in which case an Environmental Impact Assessment (EIA) would not be required by EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. However, the Bank’s services will verify details related to the location of the R&D facilities, and whether the project includes the implementation of any testing facilities that could fall under Annex II of the EIA directive.
Procurement
The promoter is a private-sector company operating in the manufacturing sector not covered by EU Directives on procurement. Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.
Status
Signed - 27/06/2011
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).