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    Reference: 20200761
    Release date: 8 July 2021

    Promoter – Financial Intermediary

    ALTANA AG

    Location

    Description

    The EIB financing will support the Promoter's research and development programme in 2021-2024. The Promoter develops and produces specialty chemicals including additives, coatings, sealants and adhesives, effect pigments, impregnating resins and varnishes. The research, development and innovation (RDI) programme has a strong focus on environmental sustainability.

    Objectives

    The EIB financing will support the Promoter's research, development and innovation (RDI) programme with a strong focus on developing sustainable solutions for products and technologies and the Promoter's goal to reach climate neutrality by 2025. The outputs of the programme will facilitate manufacturing of products, which use toxic-free materials and have higher recyclability and degradability, as well as support design of production processes that are resource- and energy-efficient.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    EUR 553 million

    Environmental aspects

    The project includes RDI activities that are not specifically mentioned under the EIA Directive and that will be carried out in existing facilities without changing their already authorised scope. The project will therefore not require an environmental impact assessment (EIA) under the directive 2014/52/EU amending directive 2011/92/EU.

    Procurement

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the Promoter is after all subject to EU public procurement legislation (Directive 2014/25/EU), then the Bank would require the Promoter to ensure that contracts for the implementation of the project have been and will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/25/EU, as well as Directive 92/13/EEC), as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 21/06/2021

    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 EU Countries Industry