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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
Link to source
Data sheet
RAUTARUUKKI EMISSION REDUCTION
Other links
Summary sheet
Rautaruukki Emission Reduction

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.

Link to source
Summary sheet
Rautaruukki Emission Reduction
Other links
Data sheet
RAUTARUUKKI EMISSION REDUCTION

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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