Green finance
The projects are certified by the Dutch government in areas such as renewable energy, soil sanitation and biological agriculture. Recent projects include a CO2 pipeline project and the restoration of a dune landscape in the Netherlands.
Creative connections - The CO2 pipeline project
The Natural Resources team of ING Wholesale Banking arranged EUR 70 million financing for a project that transported excess CO2 from a Dutch refinery through a pipeline distribution network to hundreds of nearby greenhouses. CO2 is applied in greenhouses as a crucial ingredient for growth. By applying CO2 from the refinery, greenhouse growers no longer have to burn natural gas solely to produce CO2. As a result, CO2 emissions are permanently reduced by 170,000 tons per year. ING ensured the project was accredited by the Dutch government as a green project, making it eligible for green funding from Postbank Groen.