Home Corporate Newsroom News 2022 Metso Outotec signs research, development and innovation loan with European Investment Bank
Stock Exchange Release December 15, 2022

Metso Outotec signs research, development and innovation loan with European Investment Bank

Metso Outotec Corporation’s stock exchange release on December 15, 2022, at 5:15 p.m. EET

Metso Outotec and the European Investment Bank (EIB) have signed an EUR 50 million research, development and innovation (RDI) loan. The loan relates to Metso Outotec expenditures in minerals and aggregates processing in Europe for the years 2022-2025.

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 is continuation to 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 co-operation with the EIB and their support to 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.

For further information, please contact:

Mikko Vainikka, Director Treasury Market Operation, Metso Outotec Corporation, tel. +358 40 584 9695

Distribution:
Nasdaq Helsinki Ltd
Main media
www.mogroup.com

The European Investment Bank (EIB) is the long-term lending institution of the European Union and is owned by the EU Member States. The EIB Group has adopted aClimate Bank Roadmapto deliver on its ambitious agenda to support €1 trillion of climate action and environmental sustainability investments in the decade to 2030 and to deliver more than 50% of EIB finance for climate action and environmental sustainability by 2025. As part of the roadmap, all new EIB Group operations have been aligned with the goals and principles of the Paris Agreement since the start of 2021.

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets.

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2021 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com, twitter.com/metsooutotec