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    Reference: 20170312
    Release date: 9 August 2017

    Promoter – Financial Intermediary




    Research, development and innovation (RDI) investments in new products (catalysts) and the related design and engineering of process plants for the period 2017-2020.


    The EIB financing will support an innovative private promoter in its efforts to enhance its competitive position in high value added products, contributing to the targets of the Europe 2020. The project will also have a positive environmental impact as it will increase the energy efficiency of industrial processes and/or reduce the emission of greenhouse gas from refineries and power plants.


    Proposed EIB finance (Approximate amount)

    DKK 560 million (EUR 75 million)

    Total cost (Approximate amount)

    DKK 1314 million (EUR 177 million)

    Environmental aspects

    The project concerns investments in research and development that are not specifically listed in the EIA's directive Annex I or II and that will be carried out in existing facilities without changing their already authorised scope. An Environmental Impact Assessment (EIA) is therefore not required under Directive 2014/52/EU amending the EIA Directive 2011/92/EU.


    The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation, then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/23/EU and/or 2014/24/EU and/or 2014/25/EU, where applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.


    Signed - 15/12/2017


    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).

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    Denmark Industry