Valmet has signed a Euro 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. The financing is part of the EIB’s dedicated package of support to REPowerEU — the EU plan to eliminate dependence on fossil fuel imports.
Valmet’s R&D spending was Euro 95 million in 2022. Valmet has 28 research and developments centers around the world and approximately 1,300 protected inventions.
Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries.
