Release date: 14 June 2011
Promoter – Financial Intermediary
Atlas Copco AB
Location
Description
The project concerns the promoter’s investments for advanced research and development of technologies as well as new innovative products in the areas of Compressor Technique and Construction and Mining Technique. The promoter’s RDI activities are essentially driven by the need to develop enhanced product solutions, which allow its clients to increase the levels of productivity, energy efficiency and energy recovery, safety and ergonomics as well as to reduce the environmental impact of their production processes, where the promoter’s product solutions will find application.
Objectives
Development of new technologies and the market introduction of new equipment contributing to increase the level of productivity, energy efficiency, safety and ergonomics of the industrial processes.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 275 million
Total cost (Approximate amount)
EUR 563 million
Environmental aspects
The project concerns investments in research and development carried out in existing facilities already authorised. An EIA therefore is not required by EIA Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. The related facilities are already covered by appropriate environmental authorisations. Overall, the project is considered acceptable with no negative residual impacts, and some products of the programme will contribute to more energy efficient solutions.
Procurement
The promoter is a private sector company operating in the manufacturing sector not covered by EU Directives on procurement.
Status
Signed - 23/11/2011
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).