Release date: 18 February 2013
Promoter – Financial Intermediary
STORA ENSO OYJLocation
Description
The project concerns financing of RDI relating to sustainable packaging and other wood fibre based products during the period of 2013-2016.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
EUR 300 million
Environmental aspects
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.
Procurement
The promoter is a private company not operating in the utilities sector, and is thus not covered by EU Directives on procurement.
Status
Signed - 14/06/2013
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).