Finland. Valmet Oyj
| Date of agreement: | 06 Mar 2024 |
|---|---|
| Country: | Finland |
| Customer: | Valmet Oyj |
| Amount in EUR: | EUR 125 million |
| Maturity: | 8 years |
| NACE sector / loan type: | Research and development |
Project
The loan has been provided for Finnish Valmet Oyj to finance research and development (R&D) investments in Finland and Sweden 2023-2025.
The aim of the R&D work is to create new technologies, products and services that address customer needs and help respond to some of the most important global megatrends: the promotion of the use and enhancement of the efficiency of renewable raw materials, water and energy, reducing emissions, improving safety and circularity, as well as productivity and environmental improvements, with digitalisation. The integration of sustainability topics into the R&D operations is an integral part of the innovation process.
Valmet is a global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With the automation systems and flow control solutions, Valmet serves an even wider base of process industries. Valmet has more than 19,000 employees around the world. The company has globally approximately 550 R&D professionals and 32 technology centers and pilot facilities. Valmet’s R&D spend for the year 2023 totaled EUR 114 million.
Fulfilment of NIB's mandate
R&D is one of the main drivers of productivity growth. Knowledge and skills transfer between companies in labour markets. The company is also an active R&D collaborator, with many member area SMEs, larger companies and universities.
Based on the life cycle analysis of its products, Valmet has estimated that approximately 95% of its total environmental impacts are associated with Valmet’s products’ energy use by its clients. Valmet aims to continuously develop solutions that will improve the efficiency and reduce energy consumption. Furthermore, Valmet expects almost all the R&D investments to improve resource efficiency to some level.
Sustainability summary
NIB has not identified any significant environmental or social sustainability concerns related to the investments.
