Release date: 11 January 2018
Promoter – Financial IntermediaryARCELORMITTAL
First of its kind demonstration plant for the production of advanced bio-ethanol through an innovative gas-fermentation process using exhaust gases emitted by a steel mill.
The project aims to demonstrate the commercial viability of such bio-ethanol production to improve the sustainability of the European steel manufacturing industry and its profitability, by valorising steel process off-gases.
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
EUR 154 million
The project will be implemented within the perimeter of fully authorised existing facilities. According to the competent authority, an Environmental Impact Assessment (EIA) is not required. The project has been screened out according to Annex II of the EIA Directive 2014/52/EU amending the Directive 2011/92/EU. The Bank's services will assess the environmental and climate relevant details during project appraisal.
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Signed - 15/05/2020
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).