ANNOUNCED AS TEMPORARYNo
The loan agreement between the European Investment Bank (EIB) and Novozymes A/S was signed on 7 January 2019 and has a total value of EUR 100 million (approx. USD 114.7 million).
The loan will support the company's RDI project concerning the development of certain biological solutions, microorganisms and industrial enzymes. More specifically, the EIB stated: "The RDI activities will focus on the development of products and solutions that enhance product quality and process/energy efficiency in industries such as detergents, food and beverages, bioenergy, agriculture and feed and technical industries."
Novozymes A/S has its headquarters in Denmark and is a producer of microorganisms and industrial enzymes. The company holds a 48% market share in industrial enzymes and sells its products to 130 countries around the world.
A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.
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