| Project Detail |
The project supports the promoters research and development investments aimed at developing innovative and sustainable materials used in the technologies for renewable energies, electronics, electromobility, construction, pharmaceuticals and other sectors. The project themes include innovations in production processes and product design in the domain of specialty chemicals and intermediates, including silicones, polymers, biotech products, and polysilicon. Additionality and Impact The proposed operation supports the Banks Innovation, Digital and Human Capital objectives. It aims at financing investments in RDI activities to develop new technologies, products, and processes for the chemical industry and across major sectors of the economy (such as mobility, energy, IT, consumer electronics, construction, health/biotechnology, amongst others). The project is expected to improve the resource efficiency, performance, and the overall sustainability of chemical products through the development of solutions and services that improve energy, emission and water efficiency, safety, and circular business models; as such, a part of the project is expected to contribute to the Banks Climate Action & Environmental Sustainability objectives. The project, which has a substantial portion of early-stage research, will generate positive knowledge externalities through cooperation with suppliers, customers and universities. Moreover, the project will also help maintaining and creating highly skilled jobs in the promoters research facilities in Germany. 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 project supports the promoters innovation strategy, which aims to reduce the companys and its customers carbon and environmental footprints. This objective is expected to be achieved through the implementation of more resource and energy-efficient processes and the development of sustainable-by-design products, incorporating circular, degradable, less toxic, and safer solutions. Sector(s) Industry - Manufacturing Proposed EIB finance (Approximate amount) EUR 150 million Total cost (Approximate amount) EUR 642 million |
