| Project Detail |
The project comprises the promoters research, development, and innovation (RDI) activities in the field of machinery and solutions for pulp, paper, and energy industries and within automation systems, flow control solutions, services, and spare parts. The project covers the period between 2023 and 2026 and will be carried out primarily at the promoters R&D locations in Finland and Sweden and to a minor extent in other smaller R&D locations in the European Union.
Additionality and Impact
The project is eligible for financing under Article 309 (c), Common interest.
The Projects activities are in line with the Banks IDHC (Innovation, Digital and Human Capital) public policy goal and therefore are eligible for the Banks financing under the Research, Innovation and Digital (RID) policy objective.
Part of the Project contributes to the Climate Action and Environmental Sustainability (CA&ES) cross-cutting objective and it is aligned with the principles of the REPowerEU plan.
The financing of this Project supports Research, Development and Innovation (RDI) activities, which generate significant positive knowledge, technology and environmental externalities, through the creation of innovative products and services and skills development and upgrading.
The proposed EIB loan will contribute to the diversification of the borrowers financing sources, and the loans flexible terms will improve the borrowers cash flow and liquidity management. Furthermore, the loan is expected to crowd-in other financiers, thereby facilitating the projects financing and its implementation.
Objectives
The Project aims at developing and maturing technologies, products and services that address customer needs in improving their performance while helping to respond to some of important global megatrends, notably enhancing raw materials efficiency, making efficient use of water and energy, promoting the use of renewable raw materials, and reducing emissions.
Sector(s)
Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 175 million
Total cost (Approximate amount)
EUR 401 million |
