Resand Secures $26.2M to Scale Sand Recycling Tech

Jan de Vries · 2026-06-05

Finland's Resand has expanded its loan facility with Norion Bank from $15.2 million (€14.5 million) to $26.2 million (€25 million). The Nuutajärvi-based company specializes in reclaiming and recycling foundry sand, a critical resource for industrial casting. This fresh capital will fuel new customer agreements and fund additional sand reclamation machinery. Resand needs to scale fast because foundries are under growing pressure to hit sustainability targets, cut costs, and lock down their sand supply. ### Why Sand Recycling Matters Industrial sand is running out. Resand warns that the extraction of virgin sand is harming biodiversity, and the supply of suitable sand is shrinking. Their solution? Clean and reuse sand instead of digging for more. Through their Sand as a Service (SaaS) model, Resand takes waste sand and turns it into a valuable resource. Foundries don't need to make big upfront investments or handle maintenance. Resand builds a modular sand reclaimer right at the foundry, trains the team, and handles support.  ### Impressive Environmental Impact Resand claims its technology recycles foundry sand at near-100% efficiency. It also cuts CO₂ emissions from sand use and transport by up to 80%. That's a huge win for foundries trying to shrink their carbon footprint.  ### Strong Early 2026 Momentum Mikko Immonen, Resand's CEO, said early 2026 has been "particularly strong." In February alone, the company signed new SaaS agreements with: - AGVS Aluminium Werke GmbH in Germany - Termit, a leading silica sand producer in Slovenia These deals strengthen Resand's presence in the DACH market and Central Europe. Immonen noted that the expanded loan facility gives them "an excellent foundation to continue internationalisation and expansion into new markets." ### A Long-Term Banking Partnership Norion Bank (formerly Collector Bank) is a Nordic banking group founded in 1999. It specializes in financing mid-sized companies, typically in the $3.2 million to $31.5 million range, as well as growth and international businesses. The bank has offices in Gothenburg, Stockholm, Helsingborg, Oslo, and Helsinki, and is listed on Nasdaq Stockholm. Karl-Mikael (Miku) Holmbäck of Norion Bank said: "Resand's growth is progressing with determination, and expanding the facility is a natural next step in our long-term partnership. We have built a strong understanding of Resand's business model, investment cycle, and growth drivers." ### From Finn Recycling to Resand Resand started its journey in 2013 as Finn Recycling. In 2023, it rebranded to Resand with a clear goal: increase the number of sand regeneration units in the foundry market and expand internationally. The company's focus on sustainability and circular economy principles positions it well for the future. ### What This Means for US Foundries While Resand is based in Finland, its technology is relevant for US foundries facing similar pressures around sand supply, cost efficiency, and emissions. The company's modular approach and SaaS model could be a blueprint for industrial recycling worldwide.