Release date: 7 June 2018
Promoter – Financial Intermediary
ERAMET SALocation
Description
The project covers Eramet's Research, Development and Innovation (RDI) programme, digitalisation and advanced manufacturing investments, to be carried out in the EU, mainly France and Sweden over the 2018-2021 period.
Objectives
The project aims at increasing the promoter's knowledge and know-how in the field of metal technology, new materials and alloys as well as to improve the energy efficiency and environmental impact of the promoter's extraction, metallurgical and transformation processes.
Sector(s)
- Industry - Mining and quarrying
Proposed EIB finance (Approximate amount)
EUR 120 million
Total cost (Approximate amount)
EUR 277 million
Environmental aspects
The project concerns RDI expenditures and digitalisation investments to be carried out in existing industrial facilities already authorised for such purpose and are therefore not expected to require an Environmental Impact Assessment (EIA) under Directive 2014/52/EU amending the Directive 2011/92/EU.
Procurement
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2014/24/EU), then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (2014/24/EU, where applicable, as well as Directive 92/13/EEC), as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.
Status
Signed - 25/10/2018