Cosco has signed a loan agreement with the European Investment Bank for research and development activities.

Cosco has agreed a 225m euro loan with the European Investment Bank (EIB).
the loan is expected to provide medium-term funding to strengthen Cosco's research and development efforts in sustainability and the circular economy within the European Union.
discussions with the European Investment Bank began in 2019 to determine whether research and development projects that are compatible with the European Investment Bank's financing requirements

. These requirements are used for projects that meet high standards of technology, ecology and social responsibility.
Thomas Toepfer, chief financial officer of Cosco Ventures, said: "Innovation is at the heart of research and development activities. This loan gives us additional financial flexibility to advance our strategic focus in the areas of sustainable development and the circular economy.
"Continue our normal business
said Ambroise Fayolle, deputy president of the European Investment Bank, which oversees European banks' operations and innovation in Germany. Therefore, I am pleased that we have just signed this loan with the circular economy pioneer Cosco Ventures, because supporting climate and the environment is a top priority for the EIB. "
.