Metso Outotec sign RDI loan with EIB
Company signs €50 million research, development and innovation loan with European Investment Bank
METSO Outotec and the European Investment Bank (EIB) have signed a €50 million research, development, and innovation (RDI) loan relating to Metso Outotec expenditures in minerals and aggregates processing in Europe for the years 2022–2025.
Sustainability is a strategic priority for Metso Outotec, and the company has set Science Based Targets (SBT) in alignment with the target to limit global warming to 1.5C. The RDI loan agreement is a continuation to Metso Outotec’s aim that 100% of their RDI project spend has a sustainability target related to energy, emissions, water, circularity, or safety.
‘We are delighted to sign this agreement with Metso Outotec,’ said Thomas Östros, vice-president of EIB. ‘The project corresponds to the EU policy orientations to promote private sector investments in competitive innovative activities. The investment represents an opportunity for the Bank to combine its crucial contribution to promote innovation with its Climate Action & Environmental Sustainability objective, and it also helps strengthen EU cohesion.’
Eeva Sipilä, chief financial officer of Metso Outotec, said: ‘We are very pleased about our co-operation with the EIB and their support for our innovation and R&D activities. As part of our strategic commitment to sustainability and limiting climate change to 1.5 degrees, all our research, development, and innovation projects have a sustainability target.’
