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Intesa focuses on the circular economy and finances rubber recycling

The group led by Carlo Messina has granted 5 million in loans to the Piedmontese company Electronic Systems, committed to spreading the circular economy and rubber recycling all over the world

Intesa focuses on the circular economy and finances rubber recycling

La green revolution in rubber recycling starts from Novara. The protagonist is the company electronic systems, awarded twice by the European Commission, thanks to its patented system which allows the recovered rubber to be put back into production immediately. Intesa Sanpaolo has decided to renew its commitment to the Piedmontese company, granting 5 million in loans through the plafonds set aside for green conversion and support for the circular economy. The intervention is part of the broader plan to support investments linked to the Pnrr.

About two years ago, the Electronic Systems company developed a revolutionary system capable of recovering used tyres, one of the most polluting objects in the world. So much so that the European Commission has included the Rew-tyres project in the Horizon 2020 funded research programme. The next step was to make innovation known on the global market. A second intervention by the European Commission has opened access to the LIFE programme, which co-finances the best projects of environmental sustainability according to the criterion Living well within the limits of our planet.

Florinda Martena, president of Electronic System, declared: “We are a company born in the province of Novara and from here we are bringing an innovative solution all over the world, thanks also to the skills developed over time with our rubber measuring systems, which cover most of the industry, including China. We want to make a fundamental contribution to the green transition and we think that new opportunities have opened up in the post-pandemic, which Intesa Sanpaolo has also seized and is supporting. It is the right time to further invest in products that can grow the circular and recycling economy".

Teresio Head, Regional Director Piedmont North, Valle d'Aosta and Sardinia of Intesa Sanpaolo: "Intesa Sanpaolo has made available to companies a ceiling of 6 billion euro for circular economy projects and loans at interest rates that decrease based on the achievement of objectives of environmental, social and corporate administration sustainability (ESG – Environment, Social, Governance). Being able to finance an excellence such as Electronic Systems, an avant-garde SME in the area all over the world, is a source of pride for us. We want to accompany it in international growth at 360 degrees, not only from a financial point of view, but also through the assistance that our foreign network can provide".

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