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    Reference: 20190706
    Release date: 3 September 2021

    Promoter – Financial Intermediary

    METSA FIBRE OY

    Location

    Description

    The projects consists of investments in the energy island and environmental protection measures of a larger project aiming at upgrading an existing pulp mill at the Promoter's site operational in Kemi, Finland.

    Objectives

    The project aims at developing a modern pulp mill for the manufacturing of renewable pulp, through highly efficient production capacity, using sustainable feedstock.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 300 million

    Total cost (Approximate amount)

    EUR 604 million

    Environmental aspects

    The project's compliance with all applicable national and EU environmental legislation will be verified during the appraisal. An environmental impact assessment will be carried out and mitigating and/or compensation measures applied as necessary.

    Procurement

    The Bank will require the Promoter to ensure that any procurement procedures are done in accordance with the relevant applicable EU procurement rules.

    Status

    Signed - 11/02/2021

    Disclaimer

    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

    Finland Industry