7 Nov 2019
EUR 150 million
Energy and water
|Date of agreement:||13 Jan 2015|
|Amount in EUR:||EUR 95 million|
|NACE sector / loan type:||Manufacture of machinery and equipment n.e.c.|
|Business area:||Industries and services|
This loan contributes to climate change mitigation: 100%
The loan has been provided for Valmet Corporation for financing its R&D programme for 2014–2017.
The R&D investment will be distributed between the company’s three main business lines: paper, pulp and energy, and services. The programme has a strong focus on developing products that use less energy and water and fewer chemicals. The estimated improved energy efficiency may be 10–20% and the cumulative energy savings with expected sales approximately 360 GWh annually.
Valmet Corporation is a leading supplier of services and technologies for the pulp, paper and energy industries. Valmet’s head office is in Espoo, Finland, and it employs 11,000 people worldwide.
Almost 100% of the investment in the R&D programme for 2014–2017 will be used in Finland and Sweden. R&D is seen as the main driver for productivity growth, and it is expected that the results of this programme will benefit the NIB member country area.
The projects in Valmet’s R&D programme aim to develop new or improved solutions with a positive environmental impact for existing markets. The R&D project also emphasises the development of new renewable products for the transportation sector that will result in decreased CO2 emissions.
The potential direct, negative environmental impacts of Valmet’s R&D programme are assessed to be insignificant.