European Research Funding European Investment Bank Provides a Substantial Boost to Haldor Topsøe's R&D

Editor: Dominik Stephan

A financial boost for catalyst researchers: The European Investment Bank (EIB) provides Haldor Topsøe's R&D activities with a a DKK 560 million (EUR 75 million) loan. The Danish company plans to develop new catalysts for enhanced energy efficiency in different industries...

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Financial Boost for catalysts research in Denmark.
Financial Boost for catalysts research in Denmark.
(Picture: PROCESS)

Luxembourg – “We are happy to have signed this agreement with Haldor Topsøe, which will result in the industrial launch of new and improved catalysts bringing benefits to the environment and society”, explained EIB Vice-President Jonathan Taylor.

R&D investments backed by the EIB loan will focus on the development of catalysts and new catalytic technologies for different industry sectors, such as refineries and chemicals, with the aim of increasing the energy efficiency of industrial manufacturing processes. In addition, environmental applications targeting the reduction of pollutant emissions from automotive and various industrial activities (refineries, power plants, etc.) will also be developed within the framework of this R&D project.

“Enhance the Knowledge in Energy Efficient Catalysts”

“With the EIB financing that is now in place, the company will be able to enhance its knowledge and expertise in the field of energy efficient catalysis technologies. This is for us of particular importance, as one of the EIB’s goals is to increase the potential of the European knowledge economy”, Taylor added.

“In the coming years Haldor Topsøe will intensify its R&D effort as part of our “30 in 25” growth strategy that outlines how we plan to achieve additional growth - 30 billion DKK in revenue in 2025 - based on our current strengths and R&D potential. The EIB loan will support this effort and we are very pleased to have signed the agreement,” said Peter Rønnest Andersen, Chief Financial Officer in Haldor Topsøe.

Up to 85 Additional High–Profile Jobs in R&D

As the EIB strongly promotes projects supporting job creation, the R&D investments will accordingly help to safeguard and create skilled employment opportunities in Europe. Up to 85 additional R&D jobs are planned to be created by this project, which represents a 30% increase in the company’s R&D workforce.