06.29.21
ALTANA has received a credit line from the European Investment Bank (EIB). The company, headquartered in Wesel, Germany, will be able to use up to €200 million for research and development over the next 10 years.
ALTANA products already contribute to conserving resources and protecting the climate. Among other things, ALTANA will also use the EIB’s additional research funding to develop further sustainable packaging materials and promote resource-efficient digital printing solutions. ALTANA itself intends to become climate neutral by 2025.
The EIB — as the EU climate bank — judged that ALTANA meets its strict lending requirements. The development of safe products, the resource-efficient use of raw materials and the development of sustainable production technologies also support the European Union’s Green Deal, the EU roadmap for achieving climate neutrality and preserving the environment.
Sustainability and innovation have been an integral part of ALTANA’s strategy for many years. ALTANA’s products to date include systems for water-based coatings that replace the use of solvents, PVC free seals for glass jars containing baby food and insulation materials for powerful electric motors.
“With the loan, we will have even greater freedom in our research in the future,” said Dr. Petra Severit, CTO at ALTANA. “As such, we will be able to tailor our innovative strengths to our ambitious approach even more closely, continuing to set new standards in specialty chemicals in the future.”
“We are delighted that in the EIB, we have found a partner that pursues the same sustainability goals as our company,” concluded Stefan Genten, CFO of ALTANA AG. “In combination with the sustainability-linked credit line recently signed with a consortium of banks, we could completely renew our Group’s long-term financing.”
ALTANA products already contribute to conserving resources and protecting the climate. Among other things, ALTANA will also use the EIB’s additional research funding to develop further sustainable packaging materials and promote resource-efficient digital printing solutions. ALTANA itself intends to become climate neutral by 2025.
The EIB — as the EU climate bank — judged that ALTANA meets its strict lending requirements. The development of safe products, the resource-efficient use of raw materials and the development of sustainable production technologies also support the European Union’s Green Deal, the EU roadmap for achieving climate neutrality and preserving the environment.
Sustainability and innovation have been an integral part of ALTANA’s strategy for many years. ALTANA’s products to date include systems for water-based coatings that replace the use of solvents, PVC free seals for glass jars containing baby food and insulation materials for powerful electric motors.
“With the loan, we will have even greater freedom in our research in the future,” said Dr. Petra Severit, CTO at ALTANA. “As such, we will be able to tailor our innovative strengths to our ambitious approach even more closely, continuing to set new standards in specialty chemicals in the future.”
“We are delighted that in the EIB, we have found a partner that pursues the same sustainability goals as our company,” concluded Stefan Genten, CFO of ALTANA AG. “In combination with the sustainability-linked credit line recently signed with a consortium of banks, we could completely renew our Group’s long-term financing.”
