Resand Secures $27M Loan for Sand Recycling Scale-Up

Jan de Vries · 2026-06-05

Finnish startup Resand just got a serious vote of confidence from Norion Bank. The company, which specializes in recycling foundry sand, has expanded its loan facility from about $15.7 million to $27 million. That's a big jump, and it signals that their model is working. ### Why This Matters for Foundries Foundries are under the gun. They need to hit sustainability targets, cut costs, and make sure they have enough sand to keep production running. Virgin sand is getting harder to find, and mining it wrecks ecosystems. Resand's solution? Clean and reuse the sand already in circulation. The company claims its Sand as a Service (SaaS) model can recycle foundry sand at nearly 100% efficiency. They build a modular reclaimer right at the foundry, handle all the training and maintenance, and let the foundry focus on casting. They also say their tech cuts CO2 emissions from sand use and transport by up to 80%. ### Recent Wins and Expansion Plans Resand's CEO, Mikko Immonen, says business is booming. In February 2026 alone, they signed new SaaS agreements with AGVS Aluminium Werke GmbH in Germany and Termit, a major silica sand producer in Slovenia. That's strengthening their foothold in the DACH region and Central Europe. With the extra financing, Resand plans to invest in more reclamation machinery and scale operations to meet growing demand. Immonen called Norion Bank an "outstanding partner" that understands both the business and its sustainability impact. ### A Look Back at Resand's Journey Resand started out in 2013 as Finn Recycling. They rebranded in 2023 to better reflect their focus on sand regeneration and international growth. The company warns that industrial-grade sand is a finite resource, and their mission is to make sure foundries don't run out. ### Norion Bank's Role Norion Bank, founded in 1999 as Collector Bank, is a Nordic specialist in financing mid-sized companies. They typically lend between $3.2 million and $32 million. Karl-Mikael Holmbäck from Norion Bank said the expanded facility is a natural step in their long-term partnership with Resand. > "Resand combines solid commercial fundamentals with measurable environmental impact," Holmbäck noted. The bank has offices in Gothenburg, Stockholm, Helsingborg, Oslo, and Helsinki, and is listed on Nasdaq Stockholm. ### The Bigger Picture Resand's growth is a sign that industrial sustainability is becoming a must-have, not a nice-to-have. Foundries are realizing that recycling sand isn't just good for the planet—it's good for the bottom line. With this new funding, Resand is well-positioned to become a key player in the circular economy.