Resand Boosts Loan to $27M for Sand Recycling Scale-Up

Jan de Vries · 2026-06-05

Resand, a clean-tech company based in Nuutajärvi, Finland, just expanded its loan facility with Norion Bank from $16.2 million to $28 million. That's a big jump in just a few months, and it shows the company is serious about scaling its foundry sand recycling business. The original $16.2 million equipment financing deal was signed back in November 2025. Now, with the extra cash, Resand plans to invest in new sand reclamation machinery and support new customer agreements. The company says foundries are feeling the heat to meet sustainability targets, cut costs, and secure their sand supply—and that's driving demand for their service. ### Why This Matters for Foundries Foundry sand is a huge part of metal casting, but it's not infinite. Resand warns that industrial-grade sand is running out. Every year, tons of virgin sand are dug up, processed, and eventually discarded as waste. That's bad for the environment and bad for business. Resand's solution? They build modular sand reclaimers right at the foundry site. They handle training, support, and maintenance, so foundries can focus on what they do best: casting metal. The company claims its process recycles sand at nearly 100% efficiency and cuts CO2 emissions from sand use and transport by up to 80%.  ### A Quick Look at the Numbers - Original loan (November 2025): $16.2 million - Expanded loan (current): $28 million - CO2 reduction: up to 80% - Sand recycling efficiency: near 100% Mikko Immonen, CEO of Resand, says the expansion is a clear sign their business is growing as planned. Early 2026 has been especially strong, with new Sand as a Service agreements signed in February with AGVS Aluminium Werke GmbH in Germany and Termit, a leading silica sand producer in Slovenia. These deals strengthen their presence in the DACH market and Central Europe.  ### The Sand as a Service Model Resand doesn't just sell equipment. They offer a subscription-like model called Sand as a Service (SaaS). Foundries get the reclaimer installed on their site without a huge upfront investment. Resand takes care of everything—training, support, maintenance—so the foundry just pays for the sand they recycle. It's a win-win: the foundry saves money and meets sustainability goals, while Resand scales its technology. This model has been key to Resand's growth. The company started back in 2013 as Finn Recycling, then rebranded to Resand in 2023 to focus on international expansion. Now, with Norion Bank's backing, they're ready to take on more markets. ### Norion Bank's Role Norion Bank Group, founded in 1999 (formerly Collector Bank), is a Nordic banking specialist that focuses on mid-sized companies. They typically offer loans in the $3.4 million to $34 million range. Karl-Mikael (Miku) Holmbäck of Norion Bank says the partnership with Resand is built on a strong understanding of their business model, investment cycle, and growth drivers. "Resand combines solid commercial fundamentals with measurable environmental impact," he notes. ### What's Next for Resand? With the expanded loan facility, Resand is poised to accelerate its internationalization. The company already has a foothold in Germany and Slovenia, and they're eyeing new markets across Europe and beyond. The demand for sustainable foundry solutions isn't going away, and Resand seems well-positioned to meet it. If you're in the foundry industry and thinking about your sand supply, this is a trend worth watching. Resand's approach could be a model for how industrial companies tackle resource scarcity and environmental pressure at the same time.