Resand Secures $27M to Scale Foundry Sand Recycling

Jan de Vries · 2026-06-05

Finland's Resand just got a major financial boost. The company, based in Nuutajärvi, has expanded its loan facility with Norion Bank from about $15.8 million (€14.5 million) to $27.2 million (€25 million). That's a big jump, and it tells you something about the momentum they're building in the industrial recycling space. So what's the money for? Resand plans to use it to fund new customer agreements and invest in more sand reclamation machinery. The goal is to scale operations fast to meet growing demand. And that demand isn't coming out of nowhere—foundries are under serious pressure to hit sustainability targets, cut costs, and secure their sand supply. Mikko Immonen, Resand's CEO, put it plainly: "Expanding our facility with Norion Bank is a clear sign that our business is growing as planned." He also mentioned that early 2026 has been particularly 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. That's strengthening their presence in the DACH market and Central Europe. ### The Sand Problem Nobody Talks About Here's the thing—sand isn't infinite. At least, not the kind of sand that's useful for industry. Resand warns that sand suitable for industrial use is running out. Virgin sand extraction causes biodiversity loss, and the whole process is pretty wasteful. Their solution? Clean and reuse sand instead of digging up more. Through their Sand as a Service (SaaS) model, they turn waste sand into a valuable resource. Foundries don't need to make huge investments or handle maintenance. Resand builds a modular sand reclaimer right at the foundry, handles training, support, and upkeep, and lets the foundry focus on what it does best: casting production. ### How It Works and Why It Matters - Resand's technology recycles foundry sand at near-100% efficiency. - It cuts CO₂ emissions from sand use and transport by up to 80%. - The system is modular and built on-site, so no big infrastructure changes needed. That's a pretty compelling package for any foundry trying to meet environmental goals without sacrificing productivity. ### A Quick Look at the Players Resand started back in 2013 as Finn Recycling. In 2023, they rebranded to Resand with a clear mission: increase the number of sand regeneration units in the foundry market and expand internationally. They've been moving fast ever since. Norion Bank Group (formerly Collector Bank) is the financial partner here. Founded in 1999, it's a Nordic banking group that specializes in financing mid-sized companies, typically in the $3.3 million to $32.7 million range. They have offices in Gothenburg, Stockholm, Helsingborg, Oslo, and Helsinki, and they're listed on Nasdaq Stockholm. Karl-Mikael (Miku) Holmbäck from Norion Bank said: "Resand's growth is progressing with determination, and expanding the facility is a natural next step in our long-term partnership." ### What This Means for the Industry This deal is more than just a loan increase. It's a signal that sustainable industrial practices are becoming financially viable at scale. Foundries that can't afford to ignore environmental regulations anymore are looking for practical solutions. Resand's model removes the upfront cost barrier, which is huge. Instead of buying expensive equipment, foundries pay for sand as a service. That shifts the risk from them to Resand, and it makes sustainability a no-brainer. If you're in the foundry business or just following green tech trends, this is one to watch. Resand is proving that you can do well by doing good—and that's the kind of story that keeps the industry moving forward.