More environmentally friendly engines for ships and locomotives: KfW IPEX-Bank finances Tognum AG research project

Frankfurt am Main (ots) - KfW IPEX-Bank is participating with EUR
50 million in the financing of a research project by Tognum AG, one
of the leading suppliers of propulsion and power generation systems.
The remainder of the EUR 400 million project is financed by Tognum
itself and by the European Investment Bank (EIB).

The funds will be used for research and development to improve the
fuel efficiency of diesel engines for ships, locomotives and land
vehicles and, thus, to reduce carbon dioxide, NOx and fine dust
particle emissions. The aim is to enable the new engines to meet the
very strict future exhaust emission standards for construction and
industrial machines (USA: EPA Tier 4; Europe: EU stage IV) and IMO
III standards in marine and offshore industries. The environmental
regulations significantly lower the limits for the emission of
pollutant particles and exhaust gases.

Under the research project, funds will be invested in the
development locations of Friedrichshafen and Stuttgart over a period
of four years. The funds will be used in analytical research and the
development of the serial production of all relevant engine series of
Tognum.

"We are pleased to support our long-standing client Tognum in its
forward-looking investment in a highly energy-efficient and modern
range of products. Thereby we contribute to preserving and expanding
its competitiveness in the world markets for propulsion and power
generation systems", said Markus Scheer, member of the Management
Board of KfW IPEX-Bank responsible for the Power and Renewables
Division. "Not only do the investments contribute to improving
environmental and climate protection, they also safeguard highly
skilled jobs in Germany."

About KfW IPEX-Bank GmbH

KfW IPEX-Bank is responsible for international project and export
finance within KfW Bankengruppe. Its function of providing financing
to support the German and European economy is derived from the legal
mandate of KfW Bankengruppe. Its prime focus is on medium- and
long-term lending to support the export economy and develop economic
and social infrastructure, and for environmental and climate
protection projects. It operates as a legally independent group
subsidiary and contributes significantly to the promotional mission
of KfW Bankengruppe. It has 531 employees (as of 31 December 2011)
and is represented in the key economic and financial centres around
the globe.

Contact:
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: axel.breitbach@kfw.de
Tel. 069 7431-2961, Fax: 069 7431-9409, E-Mail:
info@kfw-ipex-bank.de,
Internet: www.kfw-ipex-bank.de