Release date: 3 September 2021
Promoter – Financial Intermediary
METSA FIBRE OYLocation
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)
- Industry - Manufacturing
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).