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COINTURK FINANCE > Business > Helrom Secures Green Loan to Enhance Eco-Friendly Rail Transport
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Helrom Secures Green Loan to Enhance Eco-Friendly Rail Transport

Overview

  • Helrom receives €32.9M green loan for innovative rail transport solutions.

  • The loan supports Helrom's goal to integrate road-rail systems across Europe.

  • Société Générale and DAL Deutsche Anlagen-Leasing back Helrom's green initiatives.

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Helrom, a Frankfurt-based rail freight company, is taking significant strides toward sustainable transport solutions. By emphasizing environmentally friendly innovations, Helrom provides alternatives to conventional freight transportation. It has secured substantial financing to expand its green logistics efforts. With the goal of enhancing rail transportation’s role in logistics, Helrom is committed to reducing carbon emissions and increasing the efficiency of freight movements across Europe.

Contents
How is Helrom Progressing?What are Helrom’s Technological Innovations?

How is Helrom Progressing?

Earlier transactions between Helrom, Société Générale, and DAL Deutsche Anlagen-Leasing in 2023 laid the groundwork for the current €32.9 million green loan structure. In 2022, Helrom had focused primarily on strengthening its transportation network within Germany and neighboring countries. While previous initiatives made incremental improvements, the latest deal, a seven-year term structured in line with the Loan Market Association’s Green Loan Principles, takes a comprehensive approach to address future growth and sustainability in the company’s operations.

The essence of the financing collaboration with partners like Société Générale and DAL Deutsche Anlagen-Leasing aims at bolstering the company’s development.

“As a lender, agent, and green loan coordinator, Société Générale promotes sustainable growth and innovation in European freight transport,” said Thomas Losay, Head of Global Land Transportation at Société Générale.

With this financing, Helrom plans to significantly stride toward a low-emission logistics sector by expanding its transport capabilities and purchasing additional Helrom trailer wagons.

What are Helrom’s Technological Innovations?

Helrom’s innovative technology enables efficient intermodal transport, allowing truck trailers to be transferred onto specially designed train wagons quickly. This method eliminates the need for complex loading stations or additional machinery, thereby streamlining the logistics process. The company’s seamless integration of rail and road transport reduces traffic and emissions while ensuring smooth delivery across extensive European networks involving Germany, Austria, Hungary, and Italy.

The financing will enable the acquisition of roughly 120 new trailer wagons, thereby increasing Helrom’s transport capacity.

“We are grateful for this support and look forward to further establishing our sustainable transport concept,” Dr. Matthias Herrmann, CFO of Helrom, remarked.

The expansion aligns with its commitment to achieving CO2-neutral freight transport through an effective environmental, social, and governance (ESG) strategy.

Helrom seeks to reshape the freight transport landscape by championing eco-friendly initiatives backed by strong financial plans. The commitment from its long-standing partners further cements its role as a leader in Europe’s transition to a sustainable logistics framework. By enhancing rail capabilities, the company’s long-term vision involves integrating innovative technological solutions with robust financial strategies.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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