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RSS FeedsCovestro signs EUR 225 million loan facility with European Investment Bank for R&D activities
(WorldNews Germany)

 
 

27 march 2020 01:29:30

 
Covestro signs EUR 225 million loan facility with European Investment Bank for R&D activities
(WorldNews Germany)
 


Covestro has agreed a loan with the European Investment Bank (EIB) for EUR 225 million. The loan will provide medium term funding to strengthen the research and development (R&D) work of Covestro in the areas of sustainability and circular economy within the European Union (EU). Discussions with EIB started already in 2019 to identify R&D projects which would be compatible with the financing requirements of the EIB. These require that funding is applied to projects which meet high standards of technical, ecological and social responsiblility. `The core of our R&D activity is...


 
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