Haldor Topsoe AS signed $50 MM loan agreement with European Investment Bank to support research into innovative green hydrogen technologies that can lead to carbon emission reductions.

"Transitioning society towards clean energy solutions is vital in the battle against climate change," said Roeland Baan, CEO of Haldor Topsoe. "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 the EIB financing support Haldor Topsoe’s ambition to develop new technologies and catalysts to assist its customers in the transition towards the increased use of renewable energy, as well as the carbon neutrality of industrial operations. In line with this goal, the company specifically focuses on R&D activities with the highest potential for reducing carbon emissions.

"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," said EIB Vice-President Christian Kettel Thomsen. "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 are R&D investments for 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.