Carbon emissions reduction technologies company Haldor Topsoe is strengthening its commitment to a cleaner future, having today (Jan 10) inked a €45m loan agreement to research hydrogen technologies.

An agreement signed with the European Investment Bank, the loan will allow the company to focus on the production of green chemicals and renewable fuels, such as green hydrogen, green ammonia and biofuels.

Haldor Topsoe will also develop new technologies and catalysts to assist its customers in the transition towards the increased use of renewable energy.

On the funding announcement, Roeland Baan, CEO of Haldor Topsoe, said, “Transitioning society towards clean energy solutions is vital in the battle against climate change.

“This funding will support our research into innovative hydrogen technologies that will ultimately enable our customers to produce low-carbon products for society. We are thankful for the funding, which is a testimony to our strong cooperation with the EIB.”

Supporting Haldor Topsoe, Christian Thomsen, Vice-President of the European Investment Bank, added, “The development of innovative products requires sizeable and sustained investment, and I am glad that we can once again support Haldor Topsoe’s research and development investments.

“Supporting this type of cutting-edge research by a European company is of strategic importance in terms of safeguarding technology and know-how, but it obviously also benefits economic growth and employment.

“Haldor Topsoe’s research and development tackles key challenges of our times by protecting our climate and the environment, which is fully in line with the EIB’s climate action objectives.”