Image: Kemira

19 Feb 2024

NIB funds Kemira’s R&D investments in Espoo, Finland

The Nordic Investment Bank (NIB) and the Finnish chemicals company Kemira Oyj have signed a loan agreement totalling EUR 50 million to finance Kemira’s research and development (R&D) investments during 2023-2026 in Espoo, Finland. The term of the loan is 10 years.

Kemira Oyj is a global chemicals company serving customers in water-intensive industries worldwide. The NIB financing is intended for Kemira’s R&D expenditures focused on developing innovative solutions helping the pulp and paper industry and water treatment industries operate more efficiently and sustainably.  

“This loan further strengthens our longstanding collaboration with Kemira and adds an extra boost for innovation in green chemistry. Having been part of the groundbreaking ceremony of Kemira’s new Green Chemistry Park in Finnoo last year, it is exciting to continue supporting Kemira’s R&D efforts that drive sustainable growth,” says André Küüsvek, NIB President and CEO.

“Kemira has a long and good collaboration with the Nordic Investment Bank. We are pleased with the signing of this loan, which will support our R&D activities in the coming years,” says Petri Castrén, Kemira’s CFO.

Founded in 1920, Kemira Oyj provides the best-suited products and services to improve its customers’ product quality, process, and resource efficiency. Kemira’s focus is on water treatment, renewable solutions, and digital services. In 2023, Kemira had annual revenue of around EUR 3.4 billion and around 5,000 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s. Read more at

For further information, please contact
Kim Krokfors, Senior Banker, Country Lead for Finland, at +358 10 618 0517,

Iiris Anttalainen, Communications, at +358 10 618 0258,

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