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    Reference: 20200382
    Release date: 2 June 2020

    Promoter – Financial Intermediary

    BOREALIS AG

    Location

    Description

    The project will finance the promoter's research, development and innovation (RDI) programme focusing on circular economy in the period 2020-2023. The RDI activities are primarily related to the production of polyolefins (polypropylene and polyethylene).

    Objectives

    The main aim of this program is to develop technologies enabling the use of renewable and recycled feedstocks, such as waste, biomass and CO2, as much as possible in production.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 250 million

    Total cost (Approximate amount)

    EUR 551 million

    Environmental aspects

    The project 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 amending directive 2011/92/EU.

    Procurement

    The promoter has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement.

    Status

    Signed - 17/07/2020

    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

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