Valmet’s 2019–2022 R&D programme gets EUR 50 million funding from NIB

Valmet’s 2019–2022 R&D programme gets EUR 50 million funding from NIB

(PRESS RELEASE) HELSINKI, 9-Jan-2020 — /EuropaWire/ — NIB to finance Finnish Valmet Oyj’s research and development (R&D) activities in 2019–2022. The EUR 50 million loan will mature in ten years.

Valmet’s 2019–2022 R&D investment programme focuses on performance and investment cost, digitalisation, resource efficiency, and new bio-based materials.

New solutions occupies almost half of Valmet’s R&D activities; New solutions that may be either completely new to the markets or innovative offerings from its existing product portfolio.

The 2019–2022 R&D programme’s strategic environmental priorities are: resource efficiency, whose primary target is to reduce the use of raw materials, water, energy and chemicals; and technology development for the introduction and use of new bio-based materials to replace fossil based materials.

Valmet’s business lines all have R&D activities related to resource efficiency, while the pulp, energy and paper business lines all involve activities connected to new bio-based materials.

Valmet is a Finnish company headquartered in Espoo that develops and supplies technologies, automation systems and services for the pulp, paper and energy industries. Valmet has operations in approximately 30 countries and it employs 13,000 professionals. The Carbon Disclosure Project (CDP) provided Valmet with the best A rating in their climate programme ranking in 2018.

NIB is owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The international financial institution 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.

For inquiries:

Mr Kim Krokfors, Senior Manager, Origination, on +358 10 618 0517, Kim.Krokfors@nib.int
Mr Vytautas Brazaitis, Communications Unit, on +358 10 618 0235, Vytautas.Brazaitis@nib.int

SOURCE: NIB