commiss decis state aid grant germani dow buna sow leuna olefinverbund gmbh bsl notifi document number german text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof call interest parti submit comment pursuant provis cite regard comment procedur decis ec aid propos germani buna gmbh sächsisch olefinwerk gmbh leuna werk gmbh leuna polyolefin gmbh bsl polyolefinverbund gmbh commiss approv aid total dem billion privatis dow buna sow leuna olefinverbund gmbh bsl letter date septemb germani submit contractu agreement fourth amend agreement amend privatis agreement letter date februari commiss inform germani decid reopen articl proceed respect aid approv decis ec germani repli letter date march letter date april commiss request addit inform receiv repli letter date june commiss decis initi proceed publish offici journal european commun commiss call interest parti submit comment aid june meet place commiss german author enabl commiss examin contract conclud bsl hoechst parti comment forward germani letter date june germani comment respons receiv letter date august letter date septemb commiss put question receiv repli septemb novemb meet held german author decemb commiss ask question studi expert energi contract germani comment letter date januari march germani repli inform commiss number amend ii detail descript aid decemb commiss decid reopen articl proceed respect dem billion aid bsl approv final decis aid paid privatis bsl successor largest chemic industri complex german democrat republ authoris commiss subject fulfil number condit includ requir germani notifi commiss pursuant articl articl ec treati deviat privatis agreement begin septemb germani submit commiss contractu agreement fourth amend agreement dow quot bundesanstalt für vereinigungsbedingt sonderaufgaben quot bv amend privatis agreement amend agreement relat plant built upgrad amount aid remain unchang dem billion amend result reach capac aid payment alter balanc capac amount aid commiss approv decis invest carri bl addit commiss learnt energi suppli agreement conclud bsl vkr veba complianc condit contain commiss decis provid higher price restructur period bv offset neg cash flow subsequ year decis decemb reopen case commiss awar total aid amount dem billion affect amend agreement doubt product capac bsl restructur contain fourth amend agreement regard cover commiss decis possibl exclud increas capac advers affect competit trade member state relev contain amend agreement concern plant upgrad cracker capac product chemic grade ethylen need product ethyl benzen downstream styren increas kt context commiss want invest carri cracker consist inform provid germani decis ec adopt increas chemic grade ethylen product affect total capac cracker increas simpli capac decid increas capac benzen plant kt capac origin plan kt commiss articl proceed plan capac increas kt commiss base decis ec capac capac increas provid fourth amend agreement result addit cost dem million reopen articl proceed commiss reason addit invest cost financ approv aid benzen trade bsl anilin plant anilin trade anilin manufactur repeatedli concern commiss anilin plant compat addit aid invest cost amount dem million appear doubt increas capac butadien plant kt kt ad restructur plan dem million propan storag tank approv decis ec storag tank longer requir amend restructur plan butadien hous solut process elastom plant dem million earmark financ butadien plant commiss doubt financ bv dem million cost butadien plant expans line absolut minimum restructur aid requir authoris decis ec expans ethylbenzen styren unit ad restructur plan place quot structur defici quot payment commiss accept capac unit expand kt kt product hous fourth amend agreement stipul invest cost amount dem million financ bv cost dem million origin plan commiss doubt aid invest reason origin capac kt higher report commiss initi articl proceed doubt dem million repres cost increas capac plant cost dem million origin plan capac ldpe plant leuna kt kt commiss want reason chang invest amend agreement mitteldeutsch erdölraffineri mider previous leuna contribut dem million construct pipelin rostock contribut bv reduc sum total aid ceil remain unchang dem million contribut mider rostock pipelin led increas aid budget invest commiss felt amount aid reduc dem million mider receiv larg amount aid contribut equival grant aid scheme acryl acid acryl ester plant built hoechst bsl lower capac origin plan cost consider anticip fourth amend agreement laid ceil dem million bv contribut invest fourth amend agreement stipul agreement bsl hoechst made commiss decemb cover oper construct plant hoechst receiv incent payment commiss afraid hoechst beneficiari aid approv bsl respect edc plant inconsist figur annex origin privatis agreement provid capac kt fourth amend agreement show capac kt context commiss want invest carri cracker talli inform provid germani decis ec adopt approv dem million aid invest phthalic acid solvent dispers plant integr part bsl invest replac plant fourth amend agreement unit shut maintain invest plant maintain amount dem million remain dem million agreement provid replac plant cost total dem million kt hydrocarbon resin plant kt syndiotact polystyren plant kt solut process elastom plant kt polycyclohexylethelen pche plant commiss approv aid agre potenti introduct replac invest approv aid phthalic acid solvent dispers plant commiss neg attitud replac invest possibl invest expressli provid privatis agreement consider proport cost financ bv rule possibl replac invest creat sector difficulti affect trade member state extent contrari common interest consid includ point articl proceed invit interest parti comment advers effect replac project market lastli commiss felt energi suppli contract conclud vkr bsl decis ec adopt aid element decis ec expressli exclud aid energi suppli commiss consid support oper aid accept addit articl decis stipul germani refrain grant aid restructur bsl approv decis energi suppli contract conclud period year decemb remain restructur period privatis agreement loss cover bv suppli contract provid price exceed averag price suppli electr heat period restructur dow financ loss bsl contract provid energi price initi averag price price increas gradual year reach level averag price year commiss doubt concern substanti differ price bsl pai restructur period price differenti artifici possibl rule high energi price restructur period loss cover bv subsidis lower energi price period commiss doubt aid suppli energi exclud takeov part financ vkr powerpl bsl bv provid compens energi price influenc vkr reliev expenditur bear iii comment interest parti set comment receiv interest parti unit kingdom portugues anilin produc bsl summaris unit kingdom share commiss doubt effect laid amend agreement trade competit common market express concern effect european petrochem market opinion posit oversuppli portugues anilin produc state expressli share commiss doubt point trust commiss decis end articl proceed bsl comment focus explain believ restructur programm energi suppli contract contain aid element addit point aid amount risen lastli refer neg impact articl proceed invest bsl industri site request commiss termin investig quickli iv comment germani respons commiss decis initi articl proceed germani provid relev inform kei point issu product capac upgrad cracker germani point product chemic grade ethylen dow technolog chemic grade ethylen product ethylen benzen purpos specif product polyolefin germani current industri practic defin capac cracker term capac produc ethylen product chemic grade ethylen cracker influenc capac cracker remain kt authoris commiss decis ec turn increas capac benzen plant kt kt commiss reason addit invest cost dem million financ bv germani stress addit cost amount dem million plant plan capac kt cost dem million plant capac kt cost dem million evid germani submit studi independ consult basi comparison cost plant capac kt capac kt confirm figur addit aid paid bv dem million cost capac increas germani undertook ensur privatis agreement conclud bv bsl amend exclud contribut bv financ capac increas increas capac butadien plant kt kt germani stress capac increas caus extens exist plant construct complet butadien plant replac exist germani point propan storag tank commiss authoris aid decis ec order bsl overcom structur defici built stage proceed germani undertook ensur privatis agreement amend remov financ butadien work complet restructur programm financ construct plant bv rule amend detract justif aid authoris commiss decis ec overcom structur defici context germani addit infrastructur project hand overcom structur weak firm plant spread industri site build propan storag tank lead increas product capac impact market relev infrastructur project construct pipelin cracker böhlen litvinov czech republ transport product storag product salt tunnel teutschenth pipelin greater flexibl product consumpt hydrocarbon monom addit save cost environment friendli transport relev product rail road avoid pipelin produc bsl german author contribut develop chemic triangl böhlen schkopau industri site cost pipelin amount dem million construct connect road plant schkopau motorwai includ park area carri bsl site enabl heavi good vehicl direct access motorwai pass citi hall merseburg german author state road park area open measur reliev local traffic cut time requir transport product cost measur dem million germani point addit infrastructur measur continu justifi payment overcom structur defici commiss approv decis ec time bv contribut limit amount alloc replac propan storag tank upgrad butadien plant aid authoris decis ec maximum aid ceil dem million agre bv bsl project intend overcom structur defici approv commiss bsl receiv advanc payment fulli compli commiss doubt origin capac ethylbenzen styren unit kt higher notifi initi articl proceed germani admit capac time explicitli commiss build cost dem million notifi commiss price correspond cost plant capac kt capac fit structur complex approv commiss addit capac involv commiss doubt question cost increas capac unit kt kt provid fourth amend agreement amount dem million plant appear cost dem million origin plan germani submit studi carri independ consult studi confirm addit cost limit dem million germani emphasis bv particip financ addit invest cost capac ldpe plant leuna kt kt germani explain project capac increas due sole effici plant dem million contribut mider concern germani emphasis cover cost addit invest order enabl mider make pipelin transport oil addit invest cost relat clean measur analysi station adapt pipelin crude oil valv pump station addit invest financ exclus mider reduc bv contribut restructur programm scope origin pipelin project chang acryl acid acryl ester plant built hoechst behalf bsl commiss due insuffici inform agreement conclud bsl hoechst doubt hoechst beneficiari aid approv commiss bsl germani made agreement detail examin edc plant inconsist figur germani addit capac creat capac creat phase annex origin privatis contract approv commiss point capac kt annex fourth amend agreement capac kt provid clarif regard approv aid replac invest amount dem million plant integr part bsl phthalic acid solvent dispers plant germani emphasis replac invest sector problem confirm fact comment receiv parti issu germani point invest project increas dem million bv contribut remain dem million increas significantli bsl share financ project energi suppli contract grant paid bsl construct power plant quot baukostenzuschuss quot german author stress germani common practic larg client bsl contribut cost plant ultim built larg contribut requir german energi act question view enorm differ price period year period agre energi suppli contract contain aid element german author state price realist artifici inflat support statement submit studi drawn consult confirm view germani agre commiss studi drawn independ consult order examin energi contract question greater detail studi arriv conclus grant studi establish treat part neg cashflow bsl receiv compens restructur period includ calcul energi price period studi conclud legitim regard payment restructur cost cost aros reduct bsl steam demand chang origin estim construct powerpl requir modif made steam electr facil vkr bsl site customari germani larg electr consum make financi contribut provid section german energi act normal practic germani case energi consum energi suppli price concern studi conclud period april bsl pai high price kwh price higher maximum total cost fuel cost oper mainten cost invest cost coal fire plant liberalis effect detect electr market altern supplier bsl posit oper plant vkr posit monopoli supplier bsl restructur period recov substanti sunk cost restructur period price line expect price larg industri custom eastern germani period period restructur june decemb bsl pai lower price energi suppli studi conclud basi notion liberalis energi market price electr determin market vkr bsl option set facil gener electr steam price payabl bsl line price pai pursu option studi conclud question contract enter vkr bsl base normal commerci arrang depend potenti impact state aid compani concern conclus vkr interest spread recoveri strand cost longer period expos vkr risk place bsl surviv busi entir period contract bsl decid support german regulatori author reneg contract market competit risk gave vkr power incent shift addit cost charg period enjoi de facto monopoli take account assumpt studi hypothesis bsl endeavour exploit state aid provis order explain dual period structur contract date changeov consist interpret parti time anticip vkr lose monopoli posit relat forecast advent market liberalis time plant built lastli bsl posit attack vkr monopoli posit german regulatori author demonstr discrimin refer compar price industri consum prospect market liberalis studi arriv conclus energi suppli contract aid element comment interest parti germani state repli unit kingdom comment germani reject view oversuppli petrochem market argu unit kingdom opinion influenc fact bp shut plant unit kingdom decis shut plant long time ago influenc market situat view confirm fact bp submit parti comment part proceed comment made portugues anilin produc germani believ specif repli comment point commiss comment specif remark made bsl comment assess aid assess point issu case born mind commiss decid reopen articl proceed respect aid paid connect bsl privatis doubt fourth amend agreement line commiss find decis ec point commiss examin establish constitut aid mean articl ec treati exempt articl ec treati commiss base decis ec aid amount dem billion approv commiss alter born mind commiss concern examin capac increas bv pai aid capac increas amount commiss approv decis ec capac increas compat aid rule aid authoris restructur bsl intend sole assist creation minimum industri basi attract invest increas capac confirm decis ec decis decemb point section iv decis ec commiss specif make point quot dow bsl contempl make invest dm million addit invest reconstruct programm year order secur long term competit growth econom viabil petrochem complex quot point decis decemb commiss expressli state quot increas product capac financ compani quot commiss expressli accept invest increas capac provid invest financ bsl commiss task investig make bsl capac increas financ bv area examin product capac energi suppli contract articl proceed demonstr product capac upgrad cracker proceed show product chemic grade ethylen bsl cracker affect capac cracker defin capac produc ethylen remain kt approv commiss decis ec infring decis respect increas capac benzen plant kt kt commiss reason addit invest dem million financ approv aid felt addit cost born investor germani provid evid cost amount dem million addit germani undertook ensur privatis agreement bv bsl amend amend agreement bv contribut addit cost capac increas bsl receiv aid project authoris decis ec increas capac butadien plant kt kt result construct complet butadien plant replac aid paid bv ensur germani undertak privatis agreement supplement claus remov bv contribut financ project infring decis ec respect regard ethylbenzen styren unit germani provid evid case origin capac notifi commiss initi articl proceed amount kt cost increas capac unit kt kt limit dem million stipul fourth amend agreement bv contribut addit cost capac increas financ bsl aid authoris decis ec paid project capac ldpe plant leuna kt kt inform provid demonstr chang project capac increas result effici plant quot real quot increas capac diverg decis ec dem million contribut mider pipelin rostock cover cost addit invest need enabl mider make pipelin transport oil addit invest relat clean measur analysi station adapt pipelin crude oil valv pump station addit invest financ mider chang scope origin pipelin project project remain line decis ec agreement conclud bsl hoechst construct acryl acid acryl ester plant clear increas invest cost dem million provid origin contract approv commiss born mind commiss purpos initi proceed clarifi hoechst beneficiari aid paid project rule incent system agre bsl hoechst ensur price hoechst obtain correspond expens hoechst reward ceil interest cost low arrang result minor invest cost born mind capac lower origin plan difficult predict accuraci real cost project contribut bv invest differ margin similar variat evid bsl invest project addit agreement bsl hoechst claus provid audit carri request bv chang accept framework decis ec edc plant germani made clear addit capac creat capac creat phase restructur programm annex origin privatis agreement approv commiss point annex capac kt annex fourth amend agreement capac kt clarifi situat infring decis ec approv aid replac invest amount dem million articl proceed show commiss assum proceed initi invest sector problem comment invest receiv parti sake commiss includ invest investig born mind invest project risen dem million bv contribut remain dem million dow share financ invest project increas energi suppli contract studi commiss ask independ consult carri examin detail justif price differ energi suppli conclus energi suppli contract vkr bsl necessarili spillov effect provid ground assum state aid grant purpos misus studi note bsl contribut construct power plant common practic germani provid german energi act aid involv energi suppli contract addit infrastructur project light commiss conclud assum announc germani fourth amend agreement enshrin amend agreement point issu respect articl proceed reopen involv infring decis ec point explicitli dealt decis ec commiss examin cover decis bv financ infrastructur project place contribut butadien plant cancel construct propan storag tank authoris commiss decis ec part number project intend enabl bsl overcom structur defici examin project consist reason accept justifi project commiss authoris aid total dem million advanc payment made bv bsl main beneficiari infrastructur project bsl hand signific benefit firm bsl produc chemic triangl schkopau pipelin produc region contribut develop industri site true direct motorwai access link project overcom structur difficulti undoubtedli exist relev site account fact infrastructur project replac infrastructur project propan storag tank built approv commiss decis ec infrastructur project advers impact market tank approv commiss bv contribut dem million approv commiss part restructur programm increas remain commiss authoris addit public fund chang made fund approv made bsl form advanc payment immedi commiss decis ec vi conclus articl proceed demonstr addit aid bsl involv aid paid correspond amount limit capac authoris commiss addit aid element found energi suppli contract commiss conclud minor diverg origin privatis agreement compat principl laid decis ec adopt decis articl fourth amend agreement conclud dow buna sow leuna olefinverbund gmbh bsl quot bundesanstalt fur vereinigungsbedingt sonderaufgaben quot bv compli decis ec approv aid privatis bsl subject condit oblig set articl articl germani submit amend agreement stipul bv contribut financ dem million cost increas capac benzen plant financ butadien plant complet remov restructur programm bv longer financ construct plant copi amend agreement submit commiss month conclus articl provis condit laid decis ec remain applic appli requir germani submit commiss half yearli report progress restructur amount aid paid bv articl germani inform commiss month date notif decis measur compli therewith articl decis address feder republ germani brussel commiss karel van miert member commiss oj oj footnot cracker belong dow unipetrol own czech state privatis section iv point section iii point decis ec section iv point decis ec point decis decemb invest point privatis agreement approv commiss