Release date: 2 June 2020
Promoter – Financial IntermediaryBOREALIS AG
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).
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.
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 250 million
Total cost (Approximate amount)
EUR 551 million
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.
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.
Signed - 17/07/2020
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).