16 Jan 2020
EUR 100.3 million
Industries and services
NIB and Finnish Valmet Oyj have agreed on a EUR 50 million loan to finance the company’s research and development (R&D) activities in 2019–2022. The maturity of the loan is ten years.
Valmet’s R&D investment programme for 2019–2022 has four focal points: performance and investment cost, digitalisation, resource efficiency, and new bio-based materials.
Almost half of Valmet’s R&D activities are focused on new solutions; they may be either completely new to the markets or innovative offerings from the company’s existing product portfolio.
The 2019–2022 R&D programme has two strategic environmental themes. The first one is resource efficiency, whose primary target is to reduce the use of raw materials, water, energy and chemicals. The second one is the technology development for the introduction and use of new bio-based materials to replace fossil based materials.
All Valmet’s business lines have R&D activities related to resource efficiency, whereas the activities connected to new bio-based materials are mainly carried out for the pulp and energy as well as paper business lines.
Headquartered in Espoo, Finland, Valmet develops and supplies technologies, automation and services for the pulp, paper and energy industries. The company has 13,000 professionals around the world. The Carbon Disclosure Project (CDP) provided Valmet with the best A rating in their climate programme ranking in 2018.
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.
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