Borealis secures €150 mln development loan from European Investment Bank

04-Feb-14

Borealis has signed a loan deal with the European Investment Bank (EIB) worth €150 mln to help support the group’s investment program across a number of its European activities, as per PRW.com. As part of its innovation strategy Austria-headquartered Borealis will use the funds to finance research into advanced polymers and its vocational training program. The loan was agreed under a joint EIB/European Commission risk-sharing financing facility, designed to improve access to external funding for private and public companies undertaking high financial risk research and development projects.