Resand Secures $26.5M Loan to Scale Sand Recycling Tech

Jan de Vries · 2026-06-05

### A Big Boost for Sustainable Foundry Operations Finland's Resand, a company that specializes in recycling foundry sand, just got a major financial shot in the arm. They've expanded their loan facility with Norion Bank from $15.2 million (originally set in November 2025) to a whopping $26.5 million. That's a big jump, and it signals some serious growth. ### What's the Money For? Resand plans to use this extra cash to fund new customer deals and invest in more sand reclamation machinery. The goal? Scale up operations to meet the growing demand from foundries. And why's that demand growing? Simple: foundries are under the gun to hit sustainability targets, cut costs, and lock down their sand supply. "Expanding our facility with Norion Bank is a clear sign that our business is growing as planned," said Mikko Immonen, CEO of Resand. "Early 2026 has been particularly strong, as we signed new Sand as a Service agreements with AGVS Aluminium Werke GmbH in Germany and Termit, a leading silica sand producer in Slovenia."  ### How Resand's Tech Works Resand's whole deal is environmentally friendly foundry sand regeneration and recycling. Here's the thing: industrial-grade sand is running out. By cleaning and reusing it, we cut down on mining virgin sand and the biodiversity loss that comes with it. - **Sand as a Service (SaaS):** Resand doesn't just sell machines. They build a modular sand reclaimer right at your foundry and handle all the training, support, and maintenance. You focus on casting, they handle the sand. - **Near-100% Efficiency:** Their Resand solution recycles foundry sand at nearly 100% efficiency. That means almost no waste. - **Big CO2 Cuts:** They claim their solution slashes CO2 emissions from sand use and transport by up to 80%. ### A Quick History Resand started back in 2013 as Finn Recycling. In 2023, they rebranded to Resand with a clear mission: get more sand regeneration units into foundries worldwide and expand internationally. They've been on a roll ever since. ### The Partner Behind the Deal Norion Bank (formerly Collector Bank) is a Nordic banking group that's been around since 1999. They specialize in financing for mid-sized companies, typically offering loans between $3.2 million and $31.5 million. They've got offices in Gothenburg, Stockholm, Helsingborg, Oslo, and Helsinki. "Resand's growth is progressing with determination," said Karl-Mikael (Miku) Holmbäck of Norion Bank. "Expanding the facility is a natural next step in our long-term partnership. We've built a strong understanding of Resand's business model, investment cycle, and growth drivers, which allows us to support them in a scalable and predictable way." ### Why This Matters for US Foundries While Resand is European, the implications are global. US foundries face similar pressures: rising costs, stricter environmental regulations, and supply chain uncertainties. A model like Resand's could be a game-changer for American manufacturers looking to go green without breaking the bank. ### The Bottom Line Resand's expanded loan is a clear vote of confidence in their technology and business model. As they scale up and sign more customers across Europe, it's worth watching how this plays out. Could it pave the way for similar innovations in the US? Only time will tell, but the momentum is definitely there.