{"id":155616,"date":"2024-12-19T11:29:58","date_gmt":"2024-12-19T10:29:58","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=155616"},"modified":"2024-12-19T11:37:16","modified_gmt":"2024-12-19T10:37:16","slug":"la-comision-aprueba-una-ayuda-estatal-espanola-por-valor-de-81m-e-para-apoyar-la-produccion-de-diamantes-sinteticos","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/la-comision-aprueba-una-ayuda-estatal-espanola-por-valor-de-81m-e-para-apoyar-la-produccion-de-diamantes-sinteticos\/","title":{"rendered":"Commission approves \u20ac81m Spanish state aid to support production of synthetic diamonds"},"content":{"rendered":"

The Commission approved on 16 December last, under EU state aid rules, Spanish aid worth \u20ac81 million to support Diamond Foundry Europe<\/strong> in setting up a new factory for the production of semi-conductor grade synthetic diamonds in Trujillo. The measure will contribute to the EU’s strategic objectives related to job creation, regional development and the greening of the regional economy.<\/p>\n

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The Spanish aid<\/h3>\n

Spain notified the Commission of its plans to support Diamond Foundry Europe in setting up a new plant in Trujillo (Extremadura).The plant will produce rough synthetic diamond wafers using the company’s plasma reactor technology. Synthetic diamonds can be used in the semiconductor industry as an alternative to other resources currently used, such as silicon. The project aims to meet the demand from key sectors such as 5G networks or electric vehicles.Under the measure, the aid will take the form of a direct grant amounting to EUR 81 million. The total investment is estimated at around \u20ac675 million.<\/span><\/p>\n

The new factory is planned to be carbon neutral and will run on fully renewable energy generated by a solar photovoltaic plant. The factory is expected to have a capacity of approximately four to five million carats per year. The project will create some 300 direct and 300 indirect jobs.<\/p>\n

The new plant will be located in Extremadura, a region eligible for regional aid under Article 107(3)(a) of the Treaty on the Functioning of the European Union (‘TFEU’).<\/p>\n

Commission’s assessment<\/h3>\n

The Commission has assessed the aid under EU State aid rules, and in particular Article 107(3)(a) TFEU, which allows aid to promote the economic development of the most disadvantaged areas of the EU, and the 2022 Guidelines on national regional aid.<\/span><\/p>\n

The Commission has found the following:<\/p>\n