Release date: 10 October 2014
Promoter – Financial Intermediary
VALMET OYJLocation
Description
RDI related to pulp, paper and power-generation technologies in the period 2015-2018.
Objectives
The project aims to enhance competitiveness and improve energy and material efficiency of the promoter's products.
Comments
The InnovFin is an innovative credit-risk-sharing scheme jointly set up by the European Commission and the European Investment Bank to improve access to debt financing for private companies or public institutions promoting activities with a higher financial risk profile in the fields of research, technological development, demonstration and innovation investments.
Sector(s)
Proposed EIB finance (Approximate amount)
Not disclosed.
Total cost (Approximate amount)
Not disclosed.
Environmental aspects
RDI activities in the field of pulp mills, tissue, board and paper production lines, and power plants for bio-energy production do not fall under any annexes of the Environmental Impact Assessment (EIA) Directive 2011/92/EU and therefore do not require an Environmental Impact Assessment. The proposed activities are expected to be carried out in existing R&D centres that will not change their scope due to the project.
Procurement
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project’s due diligence.
Status
Signed - 12/01/2015