📋 Tender Overview
Project ID: 55682
Status: Exploratory
Location: Georgia
Business Sector: Manufacturing and Services
Notice Type: Private
Project Description
Provision of a senior loan of up to USD 65 million in favour of JSC Rustavi Azot (the "Company"), a joint stock company incorporated in Georgia, a leading chemical manufacturer in Georgia.
Project Objectives
The Loan proceeds will be applied to finance: (i) the construction of a new low density ammonium nitrate (LDAN) plant located in Rustavi, Georgia, on territory of the existing plant; (ii) capital expenditures for energy efficiency improvements of the existing plant and (iii) working capital requirements.
Transition Impact
ETI score:60
nsition Impact is derived from Green quality. The Project includes investments in energy efficiency improvements and a replacement of Ammonium Nitrate production capacity with fewer air emissions compared to existing. The capital expenditures are expected to fully contribute to the green economy transition (GET), thus resulting in overall Loan GET share of 85%. These investments will enable the Borrower to achieve significant environmental and operational benefits, including the reduction of greenhouse gas (GHG) emissions, improved water usage, and lower air emissions of ammonium nitrate dust and ammonia (NHi). Additionally, the energy efficiency measures will contribute to a decrease in overall energy consumption, enhancing sustainability while optimizing production processes. As part of this investment, COi emissions will be reduced by 8,200 t/year, contributing to a lower carbon footprint. Additionally, water consumption will be cut by 2,000,000 m3 and particulate matter (PM) emissions will be reduced by 5 t/year.
