Resand Boosts Loan to $27M for Sand Recycling

Jan de Vries · 2026-06-05

Resand, a clean-tech company from Finland, just made a big move to scale its sand recycling business. The company, based in Nuutajärvi, has expanded its loan facility with Norion Bank from about $15.8 million to $27 million. That's a serious jump, and it's all about meeting growing demand for sustainable foundry sand. ### Why This Matters for Foundries Foundries are under a lot of pressure these days. They need to hit sustainability targets, cut costs, and secure their sand supply. And here's the thing: industrial-grade sand is running out. Resand's solution? They clean and reuse foundry sand, which cuts down on the need for new sand and helps protect biodiversity.  ### The CEO's Take Mikko Immonen, Resand's CEO, says the expanded loan is a sign that the business is growing as planned. Early 2026 has been especially strong, with new "Sand as a Service" agreements signed with AGVS Aluminium Werke GmbH in Germany and Termit, a leading silica sand producer in Slovenia. These deals strengthen Resand's presence in the DACH market and Central Europe. ### What the Loan Will Fund The extra cash will go toward: - New sand reclamation machinery - Scaling operations to meet demand - Expanding into new markets ### How Resand's Model Works Resand uses a "Sand as a Service" (SaaS) model. They build a modular sand reclaimer right at the foundry, then handle training, support, and maintenance. Foundries just focus on casting. The company claims its solution recycles sand at near-100% efficiency and cuts CO₂ emissions from sand use and transport by up to 80%. ### A Quick History Resand started in 2013 as Finn Recycling. In 2023, they rebranded to Resand to push their sand regeneration units globally. The company's goal is to turn waste sand into a valuable resource without big upfront investments from foundries. ### Norion Bank's Role Norion Bank, a Nordic bank founded in 1999, specializes in financing mid-sized companies. They offer tailored loans in the $3.3 million to $33 million range. Karl-Mikael Holmbäck from Norion Bank says, "Resand's growth is progressing with determination. We've built a strong understanding of their business model, which lets us support them in a scalable way."