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        ZELLSTOFFFABRIK STENDAL

        Signature(s)

        Amount
        € 495,000,000
        Countries
        Sector(s)
        Germany : € 495,000,000
        Industry : € 495,000,000
        Signature date(s)
        13/02/2004 : € 245,000,000
        9/12/2003 : € 250,000,000

        Summary sheet

        Release date
        13 June 2003
        Status
        Reference
        Signed | 09/12/2003
        19971040
        Project name
        Promoter - financial intermediary
        Zellstoffabrik Stendal
        Zellstoff Stendal GmbH
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to 50 % of total project cost
        Approximately EUR 1 bn
        Location
        Sector(s)
        Description
        Objectives

        Design and construction of a greenfield Northern Bleached Softwood Kraft Pulp (NBSKP) Mill in Saxony-Anhalt.

        The project is located in Arneburg, near Stendal (Saxony-Anhalt), which is a designated objective 1 area. The project will create a total of 580 new jobs (387 pulp mill, 80 logistics company, 113 wood supply company). In addition, more than 100 % of indirect jobs are anticipated to be created, mainly in wood procurement and transportation. The project can be expected to give a boost to this assisted area by providing employment opportunities and thereby business confidence to the region.

        Environmental aspects
        Procurement

        The project falls under Annex 1 of EU Directive 97/11. An EIA has been prepared and relevant permits have been obtained or will be obtained (mainly for the recovery boiler) before the plant is put into operation. The environmental impact of the plant is well mitigated (liquid effluents, atmospheric emissions and solid residues) and in accordance with the BundesImmissionschutz= gesetz (German legislation covering environmental issues).

        International tendering procedure for the main production process.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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