Tag: Luxembourg

EIB grants ArcelorMittal $81.8M loan for steelanol and bio-coal projects

EIB grants ArcelorMittal $81.8M loan for steelanol and bio-coal projects

May 18, 2020 |

In Luxembourg, the European Investment Bank (EIB), with the support of the European Commission, has granted a EUR75 million loan to ArcelorMittal for the construction of two ground-breaking projects at ArcelorMittal Ghent, Belgium, to considerably reduce carbon emissions by converting waste and by-products into valuable new products, helping to develop low-carbon steelmaking technologies, in line […]

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European Investment Bank launches $759M initiative for agriculture and bioeconomy

European Investment Bank launches $759M initiative for agriculture and bioeconomy

April 2, 2020 |

In Luxembourg, the European Investment Bank (EIB), the EU bank, announced the launch of a new financing initiative that aims to unlock close to €1.6 billion of investment in the agriculture and bioeconomy sector. The financing aims to support private companies operating throughout the value chains of production and processing of food, bio-based materials and […]

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European Commission launches EUR250 million circular bioeconomy fund

European Commission launches EUR250 million circular bioeconomy fund

December 3, 2019 |

In Luxembourg, European Commission and the European Investment Bank (EIB) have announced the completion of the public procurement process for the selection of an investment advisor to set up and manage the European Circular Bioeconomy Fund (ECBF). The selected investment advisor is ECBF Management GmbH and Hauck & Aufhäuser Fund Services S.A. will act as […]

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European Investment Bank launches EUR2 billion in financing to boost young farmers and bioeconomy

European Investment Bank launches EUR2 billion in financing to boost young farmers and bioeconomy

April 29, 2019 |

In Luxembourg, the European Investment Bank (EIB), the EU bank, announced the launch of a loans package of nearly EUR1 billion for agriculture and the bioeconomy. The sum will be matched by the implementing financial institutions, thereby mobilizing close to EUR2 billion of long-term financing for companies in the sector. The announcement was made at […]

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European Investment Bank issues first Sustainability Awareness Bond

European Investment Bank issues first Sustainability Awareness Bond

September 10, 2018 |

In Luxembourg, the European Investment Bank issued its first Sustainability Awareness Bond last week. The EUR500 million transaction represents the first EIB funding intended to directly support sustainable finance and builds on the EIB’s pioneering role unlocking investment through green bonds. With this new product, the Bank extends its established allocation and reporting practice to […]

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United Caps teams with Braskem to offer bio-sourced plastic caps

United Caps teams with Braskem to offer bio-sourced plastic caps

August 23, 2018 |

In Luxembourg, UNITED CAPS and Brazil’s Braskem reported they have collaborated to deliver to the market GREENER bio-sourced plastic caps and closures made from sugar cane as an addition to the UNITED CAPS product portfolio. UNITED CAPS is initially bringing to market two standard closures manufactured using bioplastic resin from Braskem, including: • The VICTORIA […]

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European Investment Bank launches EUR1 billion bioeconomy financing initiative

European Investment Bank launches EUR1 billion bioeconomy financing initiative

April 17, 2018 |

In Luxembourg, the European Investment Bank (EIB) announced the launch of a new financing initiative that aims to unlock close to EUR1 billion of investment in the agriculture and bioeconomy sector. Bioeconomy encompasses the value chains of production and the processing of food, material and energy using renewable biological resources from land and sea. This […]

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European Court of Justice says anti-dumping duties on Indonesian biodiesel must be dropped

European Court of Justice says anti-dumping duties on Indonesian biodiesel must be dropped

March 21, 2018 |

In Luxembourg, Reuters reports that Indonesia has won its appeal against the European Commission regarding the legality of anti-dumping tariffs on its biodiesel with the European Court of Justice ruling that all AD duties—currently between 8.8% and 23.3%–must be eliminated as of March 16. Although an estimate was not given by the Indonesian biodiesel industry […]

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General Court of the European Union overturns biodiesel antidumping duties

General Court of the European Union overturns biodiesel antidumping duties

September 19, 2016 |

In Luxembourg, the General Court of the European Union has overturned the European Commission’s antidumping duties against Argentine and Indonesian biodiesel imposed in 2013 in a far reaching trade ruling that experts believe will even impact trade relations with China, who the EU believes to be dumping manufactured products such as steel. The Argentina Chamber […]

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European Court of Auditors slams European Commission for weakness in biofuel certification

European Court of Auditors slams European Commission for weakness in biofuel certification

July 21, 2016 |

In Luxembourg, weaknesses in the system of certifying sustainable biofuels could undermine the basis of the EU’s 2020 targets for renewable energy in transport, according to a new report from the European Court of Auditors. Under the Renewable Energy Directive, EU Member States can only use biofuels certified as sustainable to reach their 2020 target […]

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