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Signature(s)

Amount
€ 140,000,000
Countries
Sector(s)
Germany : € 25,200,000
Sweden : € 47,600,000
Finland : € 67,200,000
Industry : € 140,000,000
Signature date(s)
14/06/2013 : € 25,200,000
14/06/2013 : € 47,600,000
14/06/2013 : € 67,200,000
Link to source

Summary sheet

Release date
18 February 2013
Status
Reference
Signed | 14/06/2013
20120599
Project name
Promoter - financial intermediary
STORA ENSO RDI III
STORA ENSO OYJ
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
EUR 300 million
Location
Sector(s)
Description
Objectives

The project concerns financing of RDI relating to sustainable packaging and other wood fibre based products during the period of 2013-2016.

The programme has two main goals. The first is to develop new micro cellulose, nano materials, and new technologies to separate the most valuable wood components for various usage and applications. The second main goal is to increase sustainability, productivity and resource efficiency within the Promoter’s fibre-based forest industries as a whole.

Environmental aspects
Procurement

The project concerns investments in Research and Development that are expected to be carried out in existing facilities, already authorised, and which would therefore not require an EIA under Directive 2011/92/EU. At appraisal, it will be determined if any of the work to be carried out would require a change to existing environmental permits.

The promoter is a private company not operating in the utilities sector, and is thus not covered by EU Directives on procurement.

Link to source
Summary sheet
Other links

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).

Documents

Environmental and Social Data Sheet (ESDS) - STORA ENSO RDI III
Publication Date
7 Feb 2014
Document language
Main Topic
Lending
Document Number
46975399
Document Focus
Environmental Information
Project Number
20120599
Sector(s)
Regions
Countries
Publicly available
Download now
Other links
Summary sheet

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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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