| Project Detail |
The project comprises the promoters Research, Development and Innovation (RDI) expenditures, over the 4-year period 2023-2026, related to development of innovative products, new product formulations, and process improvements in order to lower energy consumption, conserve resources, strengthen the circular economy, and thereby reduce both CO2 emissions and costs.
Additionality and Impact
The project comprises the promoters Research, Development and Innovation (RDI) operational expenditures related to development of innovative products, new product formulations, and process improvements in order to lower energy consumption, conserve resources, strengthen the circular economy, and thereby reduce both CO2 emissions and costs. The project is fully aligned with the promoters sustainability strategy and commitments which include, among others, the decarbonisation of the building materials sector via the production of low carbon products and the increase in circularity of products to reduce and reuse materials and natural resources. Overall, the project will lead among others to an improved environmental footprint of the promoters materials production process and products. 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 is fully aligned with the promoters sustainability strategy and commitments which include, among others, the decarbonisation of the building materials sector via the production of low carbon products and the increase in circularity of products to reduce and reuse materials and natural resources. Overall, the project will lead among others to an improved environmental footprint of the promoters materials production process and products.
Sector(s)
Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 230 million |
