Lu-Ve offered further €40m ESG finance loan21st February 2022
ITALY: Italian bank Banco BPM has provided heat exchanger equipment manufacturer Lu-Ve with a further environmental, social and corporate governance (ESG) loan of €40m to support its sustainable investments.
The new loan, which expires in September 2026, is in addition to the €30m provided by the same bank last year to support Lu-Ve’s growth.
“We are delighted with this new collaboration with Banco BPM, following the previous one announced last June,” said Lu-Ve Group CEO Matteo Liberali. “This just-signed funding will help support new sustainable investments by Lu-Ve Group in the continued process of innovation, growth and attention to environmental impact that the company has been committed to since its foundation.”
Lu-Ve has been actively developing and manufacturer of heat exchangers for use with “natural” refrigerants since 1986. The company boasts a track record of successful CO2 installations in Europe, Latin America, the Middle East and Asia. In 2004, Lu-Ve built the first transcritical CO2 plant in Europe for the Coop Tägipark in Wettingen, Switzerland and recently exported CO2 solutions to the USA and Canada.