Search En menu en ClientConnect
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20230502
    Release date: 28 February 2024

    Promoter – Financial Intermediary




    The design, construction and operation of the FlagshipONE industrial facility that will produce renewable electro-methanol (e-methanol) from electricity and waste CO2. The plant will be located in Örnsköldsvik in Northern Sweden, and will have the capacity to produce ca. 55 kt/y of e-methanol per annum, to be used as green fuel for the shipping industry.


    The Bank's involvement aims to support the first commercial demonstration of the power-to-methanol concept.


    Environmental aspects

    The Project falls under Annex I of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending 2011/92/EU, requiring an EIA. The Promoter will be requested to comply with applicable national and EU legislation.


    The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the promoter is subject to the EU public procurement legislation, then the Bank would duly inform the Commission Services and would require the promoter to apply those rules


    Approved - 23/11/2023

    23 November 2023


    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).

    Related tags

    Sweden Industry