The European Investment Bank has signed a €100 million loan agreement with Valmet, a Finnish developer and supplier of technologies, automation and services for the pulp, paper and energy industries. The financing will support Valmet’s R&D response to important

global trends, ranging from enhancing raw materials efficiency to efficiency in the use of water and energy, as well as using renewable raw materials and reducing Valmet’s customers’ emissions. The supported R&D will be carried out in Valmet’s locations in Finland and Sweden.

With this loan, Valmet will co-finance its R&D investments for 2020-2023 on paper and board mills, pulping and fibre technologies, tissue mills, energy production equipment and equipment to produce biofuels and biomaterials. Valmet’s R&D is expected to bring positive environmental impacts in terms of supporting the development of technologies for sustainable energy generation and the wider adoption of renewable raw materials, improving energy and resource efficiency in processing renewable fibre for use in high-value consumer goods by developing more efficient machines that will reduce the environmental load of downstream operations, as well as supporting the production of bio-based materials and fuels.

This EIB first supported Valmet back in 2004. More recently, the EIB signed two loans with Valmet in 2015 and 2018.