Metso Outotec and the European Investment Bank (EIB) have signed a Є50mn research, development and innovation (RDI) loan. The loan relates to Metso Outotec expenditures in minerals and aggregates processing in Europe for the 2022-2025 period.
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 1.5°C. The RDI loan agreement continues Metso Outotec’s aim that 100% of the 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. 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 the Bank’s Climate Action & Environmental Sustainability objective, and it also helps strengthen EU’s Cohesion”, says Thomas Östros, Vice-President of EIB.
“We are very pleased about our cooperation with the EIB and their support of 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”, says Eeva Sipilä, CFO of Metso Outotec.
