Référence: 20190757
Date de publication: 23 mars 2020

Promoteur – Intermédiaire Financier

COVESTRO AG

Lieu

Description

The project will finance the promoter's RDI programme for the period 2020-2022. Investments will support the transition towards circular low fossil carbon polymers to produce high performance durable plastics and elastomers.

Objectifs

The EIB financing will support the development of the promoter's circular economy program for the upcoming 3 years. The promoter intends to develop new technologies with the purpose to move away from fossil resources in its production, and use raw materials from renewable/secondary sources, such as plastics waste, biomass and CO2.

Secteur(s)

Montant BEI envisagé (montant approximatif)

EUR 225 million

Coût total (montant approximatif)

EUR 500 million

Aspects environnementaux

The project includes RDI activities that are not specifically mentioned under the Environmental Impact Assessment (EIA) Directive and that will be carried out in existing facilities without changing their already authorised scope. The project will therefore not require an EIA under the directive 2014/52/EU amending directive 2011/92/EU.

Passation des marchés

The promoter has been assessed by EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement.

Statut

Signé - 20/03/2020

Clause de non-responsabilité

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Mots-clés correspondants

Allemagne Industrie