Resand Ltd received € 3 million loan from Nefco to scale up sand regeneration solutions for foundries
29.10.2024The 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 Sand Reclaimer Unit
© Resand
Resand Ltd, a Finnish technology company specialising in the regeneration and recycling of foundry sand, has secured a € 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 1000 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.
