| Project Detail |
The project concerns the promoters R&D program for the period 2022-2025 supporting the development of novel technologies for high-performance materials used in a broad range of end-markets Additionality and Impact The project supports the Banks Research, Innovation and Digital Policy objective. It concerns private sector investment in R&D activities in the field of advanced materials, which play a key enabling role in a wide range of sectors and industrial ecosystems, including semiconductors, health, industries, mobility and energy. While the outcome and ultimate commercialisation of R&D activities are highly uncertain, the supported project, which has a substantial portion of early stage research, is associated with positive knowledge externalities. The project accelerates the accumulation and diffusion of knowledge in advanced manufacturing within the European industry (through the promoters collaboration with universities and suppliers) and contribute to increasing European industrys technology leadership and competitiveness. The project generates additional environmental externalities arising from the deployment of solutions with lower environmental footprint, achieved through higher automatization, resource efficient and circular technologies. The project will therefore strengthen the EU independence in critical and strategic raw materials sourcing by promoting use of recycled feedstock and closely collaborating with EU strategic partners. Given the wide scope of sectors for the promoters products application, resulting spill-over effects will generate economic benefits that are greater than those captured by the investors financial returns. The Banks contribution to the project is underpinned by a combination of advantageous terms, a meaningful loan amount as well as a signalling effect in terms of confidence in the business model, thereby facilitating the projects financing and full implementation. Objectives The EIB financing will accelerate the development of highly automatized, more resource efficient and circular technologies, increasing the productivity and environmental sustainability of the promoters and customers manufacturing processes. Sector(s) Industry - Manufacturing Proposed EIB finance (Approximate amount) EUR 100 million Total cost (Approximate amount) EUR 216 million |
