JSC Rustavi Azot Indorama has signed a USD 50 million financing agreement with the Asian Development Bank (ADB) to modernize its fertilizer production facilities in Georgia through the deployment of energy-efficient technologies.
The financing will support upgrades to ammonia and high-density ammonium nitrate production facilities, improve energy performance and operational efficiency, and is expected to result in an annual reduction of approximately 120 kilotons of CO₂-equivalent emissions.
We deeply value ADB’s trust and partnership as we continue the modernization and decarbonization journey of Rustavi Azot.