European investment bank supports Kem One projects with 50 million euro loan


The European investment bank has approved a 50-million-euro loan to Kem One to finance a portion of its industrial equipment modernisation and R&D projects.

Kem One has just officially signed an agreement with the European Investment Bank for a loan of 50 million euros that will help finance its industrial investments and R&D projects.

The company focuses its R&D efforts on updating new resins and developing high-value-added specialty products, including emulsion PVC, latex and CPCV.
In addition, Kem One is continuing its industrial investments as part of the modernisation plan introduced in 2014. It has just broken ground on an ethylene terminal and storage facility at its Fos location aimed at securing its supplies.

Frédéric Chalmin, Kem One CEO, and Ambroise Fayolle, EIB vice-president, on 18 February 2019 in Lyon.


This loan is financed by the European fund for strategic investments (EFSI), the central pillar of the Juncker Plan. Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs, said: ‘I am pleased to see this new agreement signed as part of the Juncker Plan. It will help keep the French chemical industry at the forefront of innovation. This is another sign of Europe’s support for employment and growth in France’.

‘We are very happy to support KEM ONE in this new stage of its development’, says Ambroise Fayolle, European Investment Bank vice-president. ‘This loan aligns with one of the key strategies in our policy promoting innovation and also shows the EIB’s desire to support industry in France’.

Frédéric Chalmin, KEM ONE CEO, notes that ‘the EIB’s support is essential as we pursue our company’s development. It is a sign of the confidence that KEM ONE once again inspires in its financial partners.’

This financing is conducted through the MidCap France programme financed by the Juncker Plan. It shows the capacity the EIB, the European Union’s bank, now has to support investments at so-called midsize companies.