Press Release: State aid: Commission gives green light to €46 million in aid granted by France to GENESIS R&D programme

The European Commission decided not to raise any objections under EC Treaty rules on state aid to the €46 million in financial support granted by France to the GENESIS R&D programme. GENESIS is being implemented by a consortium of 17 partners headed by the Arkema Group. Its aim is to create a technology sector based on nanomaterials. Following an in-depth examination of the aid granted to Arkema under GENESIS, the Commission concluded that the aid was compatible with EU state aid rules. The measure is designed in particular to compensate for market failure, given the substantial risks which the project entails.