Haldor Topsøe, Lyngby, Denmark, has inked a €45 million (approximately $51.3 million at current exchange rates) loan agreement with the European Investment Bank to support research into innovative green hydrogen technologies that can lead to carbon emission reductions.
The funding will also back The Danish company’s R&D investments in new catalysts and catalytic technologies, Haldor Topsøe said on its website on Jan. 10.
The transaction is supported by the European Fund for Strategic Investments, the main pillar of the European Commission’s Investment Plan for Europe.
Haldor Topsøe CEO Roeland Baan said the funding will support the company’s research into innovative hydrogen technologies that will ultimately enable its customers to produce low-carbon products for society.
“The R&D investments backed by the EIB financing support Haldor Topsoe’s ambition to develop new technologies and catalysts to assist its customers in the transition towards the increased use of renewable energy, as well as the carbon neutrality of industrial operations,” said Baan.
In line with this goal, the company specifically focuses on R&D activities with the highest potential for reducing carbon emissions.