Rustavi Azot Indorama Secures Usd 50 Million Adb Financing For Energy-efficient Modernization
14 January 2026, Singapore: Rustavi Azot Indorama (a group company of Indorama Corporation, Singapore) has signed a USD 50 million financing agreement with the Asian Development Bank (ADB) to modernize the company’s fertilizer production facilities in Georgia through the deployment of energy-efficient technologies. The investment supports the company’s ongoing transformation following its integration into the Indorama Corporation group and reinforces its commitment to sustainable, competitive, and low-carbon industrial operations.
The financing will be used to upgrade key production units, with a strong emphasis on improving energy performance, operational efficiency, and environmental impact. Investments will focus on the modernization of the company’s existing ammonia and high-density ammonium nitrate production facilities, as well as targeted improvements across the production process through advanced energy-efficient technologies, process optimization, and enhanced operational controls.
Commenting on the agreement, Ms. Lesley Bearman Lahm, ADB Country Director for Georgia, stated, “We are glad to support Georgia’s private sector in projects such as this, which are designed for developing and strengthening decarbonization and energy-efficient technologies. This project resonates with ADB’s country partnership strategy for Georgia, aimed at advancing the transition to a green and integrated economy.” The project is expected to generate significant environmental benefits, including an annual reduction of approximately 120 kilotons of carbon dioxide equivalent emissions. Part of the financing has been provided in the form of a green loan, with funds earmarked for eligible investments that comply with internationally recognized green financing standards.
Mr. Amit Lohia, Vice Chairman, Indorama Corporation, said, “We deeply value ADB’s trust and partnership. This financing will significantly advance the modernization and decarbonization journey of Rustavi Azot following its acquisition by Indorama, enabling us to deploy energy-efficient technologies that benefit both industry and the environment. We look forward to further enhancing Rustavi Azot’s competitiveness through ongoing development and investment initiatives.”
Through this investment, Indorama continues to advance its role as a key industrial contributor to Georgia’s economy, while supporting national energy-efficiency and climate objectives. The project highlights the value of collaboration between international financial institutions and the private sector in driving sustainable industrial development and resilient fertilizer supply chains.
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