Resand Secures $27.5M Loan to Scale Sand Recycling

Jan de Vries · 2026-06-05

### A Big Bet on Sustainable Sand Resand, a tech company based in Nuutajärvi, Finland, just got a major financial boost. They've expanded their loan facility with Norion Bank from $15.8 million (originally €14.5 million) to $27.5 million (€25 million). This isn't just about money—it's about scaling a solution for a problem most people don't think about: we're running out of industrial sand. ### What's the Money For? The company plans to use the extra funds to fuel new customer deals and buy more sand reclamation equipment. Demand is surging as foundries face pressure to hit sustainability goals, cut costs, and secure their sand supply. It's a classic "grow or die" moment, but with an eco-twist.  ### CEO's Take Mikko Immonen, Resand's CEO, put it simply: "Expanding our facility with Norion Bank is a clear sign that our business is growing as planned." He noted that 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. This strengthens their foothold in the DACH region and Central Europe.  ### The Sand Problem Here's the thing: sand isn't infinite. The kind used in foundries—high-quality silica sand—is running out. Mining virgin sand destroys ecosystems. Resand's solution? They clean and reuse foundry sand at near-100% efficiency. Their modular reclaimer sits right at the foundry, so no transport waste. They claim it cuts CO₂ emissions from sand use and transport by up to 80%. ### How Their Business Model Works Resand uses a "Sand as a Service" (SaaS) model. Foundries don't buy the equipment; they pay for the service. Resand builds the reclaimer, handles training, support, and maintenance. Foundries just focus on casting. It's like leasing a printer, but for sand. ### A Quick History Resand started in 2013 as Finn Recycling. In 2023, they rebranded to push into international markets. The goal: get more sand regeneration units into foundries worldwide. ### Norion Bank's Role Norion Bank, a Nordic specialist in mid-sized company financing (typically $3.3 million to $33 million), has been a key partner. Karl-Mikael Holmbäck from Norion said: "Resand's growth is progressing with determination... We have built a strong understanding of their business model, investment cycle, and growth drivers." The bank, founded in 1999, has offices in Gothenburg, Stockholm, Helsingborg, Oslo, and Helsinki. ### What This Means for the Industry This isn't just a loan. It's a signal that sustainable industrial practices are becoming viable at scale. Foundries are under the gun to green up, and Resand offers a way to do it without sacrificing productivity. If they succeed, we might see less mining and more recycling—a win for business and the planet.