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    Reference: 20190611
    Release date: 17 June 2020

    Promoter – Financial Intermediary

    UMICORE

    Location

    Description

    The EIB will finance the investment for hte implementation of a cathode material manufacturing facility. The cathode material will be supplied to battery manufacturers of high-tech lithium-ion batteries, which are primarily dedicated to the electrical vehicles markets. The investment period covers 2019 - 2021 included.

    Objectives

    The aim is to support the promoter's investment in the new greenfield cathode material manufacturing facility of the promoter in Poland (Nysa). The project will be carried out during the period between 2019 and 2021, inclusive. The exact timeframe will be verified during the appraisal process.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 125 million

    Total cost (Approximate amount)

    EUR 268 million

    Environmental aspects

    The project was subject to a screening decision according to the Environmental Impact Assessment (EIA) directive by the competent authorities. The latter screened the project out and provided an environmental permit for a cathode materials manufacturing facility. All environmental and social issues will be assessed in detail during due diligence

    Procurement

    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 (i.e. Directive 2014/24/EU), 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 (2014/24/EU, where applicable, as well as Directive 89/66/EEC), as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 10/06/2020

    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

    Poland Industry