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    Reference: 20200479
    Release date: 11 January 2021

    Promoter – Financial Intermediary

    WACKER CHEMIE AG

    Location

    Description

    Financing of Wacker Chemie's research and development (R&D) activities in its different business divisions.

    Objectives

    The EIB financing will support the Promoter's research and development programme for the upcoming four years. The research, development and innovation (RDI) programme has a strong focus on sustainability and circular economy; the topics will cover raw material, energy and water efficiency, renewable raw materials, use of CO2 as raw material through carbon capture and usage, production of biodegradable materials, improvement of side-product recovery and circularity in existing and new solutions.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 290 million

    Total cost (Approximate amount)

    EUR 605 million

    Environmental aspects

    The project concerns 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, and thus is not subject to EU rules on public procurement.

    Status

    Signed - 9/12/2020

    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

    Germany Industry