The EIB and Fazer have signed a EUR 40 million loan agreement to finance Fazer’s research, development and innovation (RDI) activities in the coming years. Specifically, Fazer will fund the construction of a new plant, where the sweetener xylitol will be extracted from discarded oat hulls. This will be built next to the mill, located in Lahti, Finland. It is expected that the new facility will produce 4 000 tonnes of xylitol per year out of 20 000 tonnes of oat hulls, a by-product of the firm’s milling business, thus also reducing waste.
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