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        RAUTARUUKKI EMISSION REDUCTION

        Signature(s)

        Amount
        € 140,000,000
        Countries
        Sector(s)
        Finland : € 140,000,000
        Industry : € 140,000,000
        Signature date(s)
        24/06/2010 : € 140,000,000

        Summary sheet

        Release date
        25 March 2010
        Status
        Reference
        Signed | 24/06/2010
        20090548
        Project name
        Promoter - financial intermediary
        Rautaruukki Emission Reduction

        Rautaruukki Oyj

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 140 million.
        Approximately EUR 280 million.
        Location
        Sector(s)
        Description
        Objectives

        Modernisation and upgrading of blast furnaces in order to obtain a considerable decrease in carbon dioxide emissions and water consumption.

        Modernisation and upgrading of blast furnaces in order to obtain a considerable decrease in carbon dioxide emissions and water consumption.

        Environmental aspects
        Procurement

        The investment for the environmental upgrade and modernisation of the Raahe plant buildings and technical infrastructure falls under Annex II (Production and processing of metals) of the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. However, the Competent Authority has decided that no EIA is required on the basis of the criteria set in Annex III of the Directive, as the works are located inside an existing industrial site, already authorised.

        As a privately owned, industrial company, Rautaruukki’s investment decisions are not bound by the EU procurement Directives.

        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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        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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