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    Reference: 20160153
    Release date: 30 May 2016

    Promoter – Financial Intermediary




    Financing of Wacker Chemie AG's investments in research and development (R&D) related to chemical products (silicons, polymers, biosolutions, basic research and application technology)


    The project will contribute to the promoter's research and development work, focusing on 12 key strategic projects in the fields of renewable energy, biotechnology, construction applications, and closed-loop production processes.


    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    EUR 450 million

    Environmental aspects

    The project consists of R&D activities that are not specifically mentioned in the Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended by 2014/52/EU) and that will be carried out in existing facilities without changing their already authorised scope. The project would therefore not require an EIA. However, the Bank's services will review during the project appraisal all the project-related environmental details.


    The promoter is a private company not operating in the Utilities sector and not having a status of a contracting authority. Thus it is not covered by EU directives on procurement.


    Signed - 20/10/2016


    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).

    Related tags

    Germany Industry