Elkem AS
| Date: | 7.7.2026 |
|---|---|
| Country: | Norway |
| Customer: | Elkem AS |
| Amount in NOK: | NOK 750 million |
| Amount in EUR: | EUR 67 million |
| Maturity: | 10 years |
| Business sector: | Industry & Real Estate |
Financing from NIB Environmental Bond proceeds
NEB-eligible share*: 40%
NEB category: Sustainable technology innovation, sustainable manufacturing and carbon capture and storage
Amount disbursed: EUR 11 million
Note: For loans in other currencies than EUR, the equivalent in EUR is based on the exchange rate effective for the disbursement. Read more about the NIB Environmental Bonds
* This reflects the share of NEB-eligibility of the project(s).
Project
The loan finances Elkem’s R&D investments for 2025–2029.
R&D is a core element of the company’s long-term competitiveness and decarbonisation strategy, focused on process innovation, energy efficiency, emissions reduction, and low-carbon materials.
Around 40% of investments have clear environmental benefits, while the remainder have less direct impact.
Fulfilment of NIB’s mission
The R&D programme aims to reduce the carbon footprint, improve yield, product quality, and operational efficiency, while collaboration with research institutions and partners is expected to support knowledge spillovers and wider productivity gains.
Impact indicators related to the loan: Average annual R&D expenditures between 2025-2029 NOK million: 300
The R&D- efforts support Elkem’s target to reduce scope 1 and 2 emissions by 25% and are expected to deliver significant reductions in CO₂ emissions.
Sustainability summary
The R&D is not expected to have any negative effects on the environment.
