Valmet has signed a EUR 175 million loan with European Investment Bank linked to company’s Research and Development activities
Valmet Oyj’s press release on September 27, 2023 at 3:00 p.m. EESTValmet has signed a EUR 175 million loan agreement with the European Investment Bank (EIB). The loan will support Valmet’s Research and Development (R&D) activities to help finance technologies that replace fossil fuels with renewables. The loan agreement is linked to company’s R&D activities in 2023-2026. The financing aims to enhance the resource and energy efficiency as well as the performance of Valmet’s technology, promote the use of recyclable raw materials and to improve the sustainability of Valmet’s operations.