Specialty chemicals company ALTANA has received a credit line from the European Investment Bank (EIB). The company, headquartered in Wesel, Germany, will be able to use up to Euro 200 million for research and development over the next ten years.

ALTANA receives credit line of Euro 200 million from European Investment Bank

ALTANA receives credit line of Euro 200 million from European Investment Bank

Specialty chemicals company ALTANA has received a credit line from the European Investment Bank (EIB). The company, headquartered in Wesel, Germany, will be able to use up to Euro 200 million for research and development over the next ten years.

ALTANA products already contribute to conserving resources and protecting the climate. Amongst other things, ALTANA will also use the EIB’s additional research funding to develop further sustainable packaging materials and promote resource-efficient digital printing solutions. ALTANA itself intends to become climate neutral by 2025.

The EIB — as the EU climate bank — judges that ALTANA meets its strict lending requirements. The R&D projects comply with many of the Bank’s environmental, social and governance (ESG) criteria. The development of safe products, the resource-efficient use of raw materials and the development of sustainable production technologies also support the European Union’s Green Deal, the EU roadmap for achieving climate neutrality and preserving the environment.

ALTANA is a global leader in true specialty chemicals.

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