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Arkema successfully issues its first green bond

 Last Update: 2022-08-25
 Source: Internet
 Author: User

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Arkema has successfully issued its first green bond, fully committed to the financing of its new world-scale plant in Singapore to produce 100% bio-based Rilsan polyamide 11

The total issuance of this green bond is 300 million euros, with a term of 6 years and an annual interest rate of 0.

The product was more than ten times oversubscribed

By providing customers with innovative solutions, especially in the areas of lightweight materials, new energy and bio-based products, Arkema aims to achieve responsible growth and contribute to the Sustainable Development Goals set by the United Nations

With this unprecedented green bond, fully aligned with Arkema's corporate social responsibility policy, the Group is funding its new world-class factory in Singapore, which is at the heart of its organic growth strategy, an innovative and sustainable major projects

Scheduled to start production in 2022, the plant is designed with state-of-the-art technology to maximize efficiency and minimize environmental impact, and will be dedicated to producing 100% bio-based amino 11 monomer and Rilsan polyamide 11 castor Hemp oil is a renewable and sustainable raw material

Due to the impact of the epidemic in the first half of the year, Arkema's sales were obviously affected by this situation, but thanks to the group's global positioning and the diversity of its end markets, its decline was curbed

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