ADB Approves $50M Loan for Fertilizer Modernization in Georgia

The Asian Development Bank (ADB) has approved a $50 million loan to JSC Rustavi Azot, also known as Rustavi Azot Indorama, to help modernize its fertilizer production facilities in Georgia.

The financing will be used to introduce energy-efficient technologies aimed at reducing emissions and improving industrial efficiency, The Caspian Post reports, citing Georgian media.

The project focuses on lowering energy consumption in fertilizer manufacturing while supporting more sustainable agricultural practices. ADB stated that the initiative aligns with Georgia’s Vision 2030 development agenda and its Nationally Determined Contribution commitments on climate action.

ADB’s Country Director for Georgia, Lesley Bearman Lahm, said the bank’s support reflects its broader strategy of strengthening green and low-carbon technologies in the private sector. She noted that the project is consistent with ADB’s country partnership strategy which prioritizes the transition to a more sustainable and integrated economy.

The investment is expected to enhance the competitiveness of Georgia’s fertilizer industry while contributing to national decarbonization goals and long-term environmental sustainability.