21 Sep 2010

NIB finances Boliden’s e-scrap recycling plant in Sweden

NIB has provided a loan totalling EUR 60 million to Sweden’s metal producer Boliden. The 8-year maturity loan will help to finance Boliden’s increased electronic scrap recycling capacity in Rönnskär, Sweden.   

Once the expansion is completed, the facility will nearly triple its capacity and process 120,000 tonnes of electronic scrap per year.

Extracting metals from e-scrap requires considerably less energy than extracting metals from ore. The main minerals in e-scrap are copper, zinc and precious minerals.  In addition to the important task of treating e-scrap in a safe manner, the project makes it possible for one of Europe’s leading metal producers to use the minerals hidden in the waste over and over again.

“By financing this project, NIB helps to ensure that more electronic scrap is recycled, rather than sent to landfills. With this expansion, Boliden can handle more of the ever growing mountain of electronic scrap,” says Johnny Åkerholm, NIB President and CEO.

Boliden is the third largest copper metals supplier and the third largest zinc metals supplier in Europe. Boliden’s Rönnskär smelter has been a technological leader in electronic scrap recycling for many years, and is now one of the world's biggest players in the field.

The Nordic Investment Bank is the common international financial institution of the eight Nordic and Baltic countries. NIB provides long-term financing to the energy, environmental, transport, logistics and communications, and innovation sectors for projects that strengthen competitiveness and enhance the environment. NIB has the highest possible credit rating, AAA/aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact

Mr Lars Synnes, Senior Manager, Origination, at +358 10 618 0504,
Ms Pamela Schönberg, Communications Officer, at +358 10 618 0294,