Resand Boosts Loan to $27M for Sand Recycling Growth

Jan de Vries · 2026-06-05

Resand, a Finnish tech company based in Nuutajärvi, just got a major financial boost to scale its foundry sand recycling operations. The firm expanded its loan facility with Norion Bank from $15.8 million (originally €14.5 million) to a whopping $27.3 million (€25 million). This isn't just about money—it's about meeting a surging demand for sustainable industrial solutions. ### Why the Big Investment? The new funds will help Resand secure more customer deals and buy advanced sand reclamation machinery. Foundries are under the gun to hit sustainability targets, cut costs, and lock down their sand supply. Resand's tech turns waste sand into reusable material, which is a huge deal for an industry that's running out of usable virgin sand. Mikko Immonen, Resand's CEO, put it plainly: "Expanding our facility with Norion Bank is a clear sign that our business is growing as planned. Early 2026 has been particularly strong." He noted that new Sand as a Service agreements with AGVS Aluminium Werke GmbH in Germany and Termit in Slovenia are already strengthening their foothold in Central Europe.  ### How Resand's Tech Works Resand's Sand as a Service (SaaS) model is clever—it doesn't ask foundries to buy expensive equipment. Instead, Resand builds a modular sand reclaimer right at the foundry, handling training, support, and maintenance. Foundries just focus on casting production. The result? Sand is recycled at near-100% efficiency, and CO₂ emissions from sand use and transport drop by up to 80%. - **No upfront costs**: Foundries avoid big capital investments. - **Zero waste**: Near-perfect recycling rates. - **Eco-friendly**: Cuts emissions and protects biodiversity by reducing sand mining. ### A Quick History Lesson Resand started back in 2013 as Finn Recycling. In 2023, they rebranded to Resand with a clear goal: scale up sand regeneration units globally. Their warning is stark—industrial-grade sand is running out. By cleaning and reusing sand, they're tackling both resource scarcity and biodiversity loss from mining. ### The Bank Behind the Deal Norion Bank, a Nordic specialist in financing mid-sized companies, has been a key partner. Founded in 1999 as Collector Bank, it offers tailored loans in the $3.3 million to $32.7 million range (€3–30 million). Karl-Mikael Holmbäck from Norion said, "Resand's growth is progressing with determination. Expanding the facility is a natural next step in our long-term partnership." ### What This Means for the Industry This expansion signals that sustainable industrial practices are no longer niche—they're becoming mainstream. Foundries face mounting pressure to go green, and Resand's model proves you can do it profitably. With $27.3 million in backing, the company is poised to expand into new markets and help more foundries cut their environmental footprint. In short, Resand is turning a looming sand crisis into an opportunity. And with Norion Bank's support, they're not just recycling sand—they're reshaping an entire industry.