Brussels, 19/09/2001 (Agence Europe) - The European Commission reached the conclusion that the capital injection of EUR 150 million granted in 1994 by ENI to its chemical subsidiary Enichem is conform to the guidelines for restructuring aid. It is not therefore State aid. In 1998, following an appeal procedure launched by BP Chemicals, the Court of First Instance had cancelled the decision whereby the Commission had ruled out the State aid nature of this injection without carrying out the formal investigation procedure provided by the State aid rules of the Treaty. The Commission therefore started such an investigation accordingly and the result confirmed its initial conclusions. It established the fact that the 1994 capital injection and those of the two previous years (unchallenged) had allowed Enichem to become a viable undertaking within a reasonable time as the company was able to focus on its main activities. The Commission stresses that the 1994 injection was granted under the same conditions as those applied to the 1992 and 1993 injections, whose restructuring aid nature had already been established. In addition, it considers that the 1994 restructuring plan has largely been implemented.