Resand, a Finnish technology company focused on regenerating and recycling foundry sand, has secured a EUR 3 million loan from Nefco, the Nordic Green Bank. This financing, combined with previous investments, will enable Resand to scale up its Sand As A Service (SAAS) solution, which allows foundries to recycle and reuse sand, drastically reducing the need for virgin sand by 75%. The loan will be used to expand their operations, meet the increasing demand for sustainable sand recycling, and further develop their patented electric sand reclaimer technology.
Resand Ltd, established in 2013 and based in Nuutajärvi, Finland, is a technology company that focuses on the regeneration and recycling of foundry sand. Addressing the environmental challenges posed by the high demand for sand in industrial applications, Resand provides a solution that allows foundries to recycle nearly all of their used sand, reducing the need for extracting new sand and the associated ecological impacts.
The company’s electric sand reclaimer is designed for medium-sized foundries and processes waste sand into reusable material, operating at a capacity of 1,000 kg per hour. Resand’s approach supports the foundry industry’s shift towards more sustainable practices by decreasing the environmental footprint of sand disposal and sand transport-related emissions. With operations in several European countries, Resand is focused on growing its presence within the European market and exploring opportunities for expansion beyond Europe.
The financing from Nefco, in conjunction with additional financing secured earlier this year, will enable Resand to meet the growing demand for sand recycling and contribute to the preservation of the world’s limited sand resources and biodiversity.
Resand Ltd, a Finnish technology company specialising in the regeneration and recycling of foundry sand, has secured a EUR 3 million loan from Nefco, the Nordic Green Bank, to accelerate the expansion of its services.
Sand excavations have long been associated with irreversible environmental problems, including land erosion, river degradation, flooding and loss of natural habitats. As the second most exploited natural resource globally, after water, sand is in high demand, particularly in the foundry industry. Foundries use sand in their moulds and typically discard over 100 million tons of waste sand annually, with less than 1% being reclaimed. The Resand® Sand As A Service (SAAS) solution offers foundries the opportunity to recycle and reuse sand, reducing virgin sand consumption by an impressive 75%.
Resand’s patented technology and sand reclamation service provide a sustainable alternative to the costly and environmentally damaging practice of dumping waste sand. By utilising Resand’s electric sand reclaimer, foundries can easily connect to their mains, providing a continuous supply of clean sand. The newly developed electric sand reclaimer, designed for medium-sized foundries, boasts a production capacity of 1,000 kg of recovered sand per hour.
Kalle Härkki, CEO of Resand Ltd, expressed his enthusiasm for the partnership with Nefco stating, “Nefco’s financing is crucial for our scale-up phase, allowing us to further develop our commercialised product and business model. With Nefco’s support, we can meet the increasing demand for sand recycling and contribute to the green transition of the foundry industry with our patented technology and innovative service.”
Vivi Avikainen, Investment Manager at Nefco, emphasised the importance of Resand’s mission saying, “We are proud to support Resand in its efforts to address the environmental challenges associated with sand excavation. By reducing the consumption of virgin sand and promoting resource efficiency, Resand is making a significant contribution to the circular economy and biodiversity.”
The Resand® sand regeneration solution not only reduces the environmental impact of sand disposal but also helps foundries reduce CO2 emissions caused by the treatment and transportation of virgin sand. With the financing from Nefco, Resand is well positioned to scale up its operations and have a lasting impact on the foundry industry’s sustainability practices.
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Read the orginal article: https://arcticstartup.com/resand-gets-loan-from-nefco/
