Reference: 20150454
Release date: 2 December 2015

Promoter – Financial Intermediary

ERAMET SA

Location

Description

First European facility for recycling aviation-grade titanium

Objectives

The project comprises the first European industrial plant to recycle and re-melt aviation-grade scrap titanium metal and titanium alloys. All aviation-grade European titanium scrap currently has to be exported, mainly to the United States, as no such facility exists in Europe. The project would therefore close the recycling loop, making use of valuable metal scraps from European manufacturing sources which are currently lost for the European market, and thereby help to establish a circular economy for titanium metal and alloys in Europe.

Sector(s)

Proposed EIB finance (Approximate amount)

Not disclosed.

Total cost (Approximate amount)

Not disclosed.

Environmental aspects

The project falls under Annex I of Directive 2011/92/EU. An environmental impact assessment (EIA) was conducted in 2014 by an independent consultant. It was approved at the end of 2014 by the competent authority. It concludes that the project has no major negative impact on the environment.

Procurement

The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not subject to EU rules on public procurement.

Status

Signed - 23/05/2017

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

France Industry