Release date: 25 November 2024
Promoter – Financial Intermediary
FAIRMAT SASLocation
Description
The project supports the growth and capacity expansion of an innovative company in the area of carbon fibre recycling. The investments concern the development of materials and process technologies, advanced automation and robotics, and related facilities and equipment for the manufacturing scale-up. The project will be mainly carried out in the area of Nantes (France) during the period 2025-2028.
Objectives
The project supports the development and implementation of an innovative, efficient and sustainable technology to produce recycled carbon fibre, addressing the lack of investment in environmentally friendly technologies and the circular economy. The solutions resulting from this project are expected to provide alternative and more sustainable recycling methods to deal with the large quantities of scrap carbon fibre, of which only a small fraction is currently recycled. The project will support the company to develop and deploy its technology at commercial scale, and it will help by building up the necessary capabilities, skills and technologies.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
EUR 69 million
Environmental aspects
The project is not expected to have any significant negative impact either on the natural and human environment or on public health. The outcomes of the project are expected to make a strong contribution to environmental sustainability by keeping carbon fibre materials within the economy through recycling, reducing waste and generating positive externalities.
Procurement
The Promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU Public Procurement Directives. The Promoter has a structured sourcing strategy and appropriate procurement policies in place. Under these conditions, the procurement procedures followed by the Promoter are suitable for the project and satisfactory to the EIB.
Status
Under appraisal
Disclaimer
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).