Haldor Topsoe agrees EUR-45m EIB loan for tech research

European Investment Bank

January 10 (Renewables Now) - Haldor Topsoe AS, a Danish developer of carbon emission reduction technologies including solid oxide electrolysis cells (SOEC), will receive a EUR-45-million (USD 51m) loan from the European Investment Bank (EIB) to support research activities.

The Lyngby-based company said it will use the financing to support research into innovative green hydrogen technologies and new catalysts and catalytic technologies. All of these are intended to help customers 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,” the press statement reads.

The new loan agreement with EIB is supported under the European Fund for Strategic Investments (EFSI), which represents the main pillar of the European Commission’s Investment Plan for Europe.

(EUR 1.0 = USD 1.132)

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription