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    Signature(s)

    Amount
    € 48,000,000
    Countries
    Sector(s)
    Germany : € 48,000,000
    Industry : € 48,000,000
    Signature date(s)
    1/12/2003 : € 48,000,000

    Summary sheet

    Release date
    20 June 2003
    Status
    Reference
    Signed | 01/12/2003
    20030170
    Project name
    Promoter - financial intermediary
    Celanese Oberhausen
    Celanese AG, Kronberg/Ts., through its fully-owned subsidiary Celanese Chemicals Europe GmbH.
    Proposed EIB finance (Approximate amount)
    Up to 50 % of the project costs
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the construction of a new synthesis gas (carbon monoxide/hydrogen) plant, a main raw material for the production of a large number of chemicals. The project is located at one of Celanese’s largest production sites in Europe, the “Werk Ruhrchemie” in Oberhausen, North Rhine-Westphalia.

    The project includes the demolition of the old plant. The new state-of-the-art plant will improve cost and reliability of supply for the downstream production of chemicals and will result in environmental benefits. The syngas and the hydrogen produced in the project will be used as raw material for oxo-products and specialties, chemical intermediates for the production of plasticisers, amines and carbon acids at the site in Oberhausen.

    Environmental aspects
    Procurement

    As a modification of an existing integrated chemical plant, the project falls under Annex II of EU directive EC/97/11. Local authorities have requested a full Environmental Impact Assessment (EIA), in compliance with existing national legislation. The project, by replacing an old plant with a new state-of-the-art one will result in significant environmental benefits: i.e. improved energy efficiency, lower air emission (particularly CO2) and lower water emissions.

    The promoter’s procurement procedures consist in, essentially, international enquiry amongst a group of pre-qualified suppliers and civil works awarded through national tendering. These procedures are standard for the industry and in the interest of the project.

    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).

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    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.

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    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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