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    Reference: 20190119
    Release date: 6 December 2019

    Promoter – Financial Intermediary

    BASF SE

    Location

    Description

    The project concerns the promoter's Research, Development and Innovation (RDI) investments in 2019 focusing on five segments, Chemicals, Materials, Industrial Solutions, Surface Technologies and Nutrition & Care, as well as on central Corporate Research.

    Objectives

    The project aims at strengthening the promoter's long-term competitive edge through technology and innovation leadership and comprises a well-defined portfolio of investments in RDI in several of the promoter's key business segments.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 380 million

    Total cost (Approximate amount)

    EUR 790 million

    Environmental aspects

    The project mainly includes RDI activities that are not specifically mentioned under the Environmental Impact Assessment (EIA) Directive and that will be carried out in existing facilities without changing their already authorised scope. The project will therefore not require an EIA under the directive 2014/52/EU. Full environmental details will be verified during the appraisal.

    Procurement

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

    Status

    Signed - 4/12/2019

    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

    Germany Industry