Nefco’s EUR 3 Million Loan Fuels Resand Ltd’s Growth in Sustainable Sand Recycling Technology

Nefco’s EUR 3 Million Loan Fuels Resand Ltd’s Growth in Sustainable Sand Recycling Technology

(IN BRIEF) Resand Ltd, a Finnish company specializing in sand regeneration technology for foundries, has secured a EUR 3 million loan from Nefco, the Nordic Green Bank. This funding will help Resand expand its operations and meet the growing demand for sustainable sand recycling solutions in the foundry industry. Resand’s technology enables foundries to recycle up to 75% of their sand, reducing environmental impact and aligning with global sustainability goals. The partnership with Nefco is expected to advance the green transition within the industry and set an example for other resource-intensive sectors.

(PRESS RELEASE) HELSINKI, 3-Sep-2024 — /EuropaWire/ — In a significant move aimed at advancing sustainable practices within the foundry industry, Nefco, the Nordic Green Bank, has granted a EUR 3 million loan to Resand Ltd, a Finnish company pioneering innovative sand regeneration technology. This funding marks a crucial step in Resand’s mission to reduce the environmental footprint of sand use in foundries.

The global foundry industry has long struggled with the challenges posed by sand consumption. Sand, a critical component in casting processes, is typically discarded after use, leading to severe environmental consequences such as land degradation, river erosion, and biodiversity loss. Resand Ltd has developed a groundbreaking solution to address this issue—its patented Sand As A Service (SAAS) technology allows foundries to recycle up to 75% of the sand they use, offering a more sustainable alternative to traditional practices.

The newly secured funding from Nefco is expected to propel Resand Ltd into its next phase of growth, enabling the company to meet rising demand for its services. The company’s electric sand reclaimer, a key component of its offering, is designed for medium-sized foundries and can process up to 1,000 kilograms of sand per hour. This innovation not only minimizes the need for virgin sand but also helps reduce CO2 emissions associated with the transport and treatment of new sand.

Industry observers have noted the significance of this financial injection in the broader context of the circular economy. By reducing the reliance on virgin materials and promoting the reuse of resources, Resand’s technology aligns with global sustainability goals. Nefco’s decision to support Resand is seen as a strategic move that underscores the growing importance of environmentally conscious investments in the industrial sector.

“Resand Ltd’s collaboration with Nefco is a milestone in the green transition of the foundry industry,” commented a source familiar with the sector. “The ability to scale such a technology is vital for reducing the environmental impact of an industry that has traditionally been resource-intensive and environmentally damaging.”

The partnership between Nefco and Resand Ltd is expected to not only advance the adoption of sustainable sand regeneration solutions but also set a precedent for other industries grappling with similar environmental challenges. As companies worldwide continue to seek ways to reduce their carbon footprints and improve resource efficiency, the innovations pioneered by Resand Ltd could become a model for sustainable practices in other resource-intensive sectors.

With this latest round of financing, Resand Ltd is poised to expand its market reach and solidify its role as a leader in the foundry industry’s shift towards more sustainable practices. As the world continues to grapple with the challenges of resource depletion and environmental degradation, the success of companies like Resand will be crucial in driving the global transition to a more sustainable economy.

About Resand Ltd

Sand suitable for industrial use is becoming scarce. However, by regenerating and reusing sand, the extraction of virgin sand can be reduced and the resulting loss of biodiversity slowed down. Resand Ltd, founded in 2013, is a Finnish technology company specialising in foundry sand regeneration, offering its customers clean sand as a service. The Resand® solution enables almost 100% recycling of foundry sand and reduces CO2 emissions from sand use and transport by up to 80%.

Resand Ltd is headquartered in Nuutajärvi, Finland, and has staff in several European countries. The company aims to achieve strong growth in the European foundry market and to expand its business outside Europe.

www.resand.eu

Media Contacts:

Vivi Avikainen
Investment Manager, Nefco
vivi.avikainen@nefco.int
tel. +358 10 6180 661

Kalle Härkki
CEO, Resand Ltd
Kalle.harkki@resand.eu
tel. +358 40 513 3383

SOURCE: Nefco