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HALDOR TOPSOE SECURES 45 MILLION EUROPEAN GREEN INVESTMENT

HALDOR TOPSOE SECURES 45 MILLION EUROPEAN GREEN INVESTMENT

Monday, January 10, 2022 

In line with its strategy to become global leader in carbon emission reduction technologies by 2024, Danish technology provider Haldor Topsoe has signed a 45 million loan agreement with the European Investment Bank (EIB) to support its R&D investments.

The EIB financing is supported under the European Fund for Strategic Investments (EFSI), the main pillar of the European Commission’s Investment Plan for Europe. The funding highlights the company’s commitment to developing new technologies to support energy-intensive industries in their transition towards a low-carbon future.

Roeland Baan, CEO Haldor Topsoe, said: “Transitioning society towards clean energy solutions is vital in the battle against climate change. This funding will support our research into innovative hydrogen technologies that will ultimately enable our customers to produce low-carbon products for society. We are thankful for the funding, which is a testimony to our strong cooperation with the EIB.”

The R&D investments backed by EIB will support development of technologies and catalysts to assist in the transition towards the increased use of renewable energy, as well as the carbon neutrality of operations. In line with this goal, the company is specifically focusing on R&D activities with the highest potential for reducing carbon emissions.

EIB VP Christian Kettel Thomsen said: “The development of innovative products requires sizeable and sustained investment, and I am glad that we can once again support Haldor Topsoe’s R&D investments. Supporting this type of cutting-edge research by a European company is of strategic importance in terms of safeguarding technology and know-how, but it obviously also benefits economic growth and employment. Haldor Topsoe’s research and development tackles key challenges of our times by protecting our climate and the environment, which is fully in line with the EIB’s climate action objectives.”

A clear focus is R&D investment in the development of new catalysts, catalytic technologies, and innovative hydrogen technologies that are expected to reduce carbon emissions. Some of the most promising environmentally-friendly technologies in that regard are intended for the production of greener chemicals and renewable fuels, such as green hydrogen, green ammonia, biofuels, and electrified methanol.

Valdis Dombrovskis, EC EVP responsible for 'Economy that Works for People', said: “I welcome this agreement between the EIB and Danish company Haldor Topsoe, which benefits from a guarantee under the Investment Plan for Europe. The additional financing will go towards research to develop innovative hydrogen technologies and contribute to reducing carbon emissions. We need businesses and their innovation potential to deliver on the European Green Deal and our goal of carbon neutrality by 2050. This example is a great contribution to these efforts.”

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