Mumbai, India & Marietta, USA – July 14, 2022: Birla Carbon, one of the leading
manufacturers and suppliers of high-quality carbon black solutions, has announced the
formal adoption of a Green Finance Framework. The framework outlines the criteria and
provides guidelines for Birla Carbon to finance eligible Green Projects through Green
Loans or Bonds. This move comes in continuation of the business’ decarbonization
drive to achieve Net Zero Carbon Emissions by 2050 and the introduction of Continua TM
range of Sustainable Carbonaceous Materials.
In addition to the Green Finance Framework, Birla Carbon has also successfully
concluded the first Green Finance Transaction under this framework, in the form of a
Green Loan of US$ 50 million. This loan will refinance a part of the capital expenditure
which has been incurred towards installing state-of-the-art absorber technology to
remove various compounds from air emissions levels at the North Bend plant in
Louisiana, USA.
Sharing his thoughts on this announcement, Dr. Santrupt B. Misra, Group Director, Birla
Carbon, Director, Chemicals, and Director, Group HR, said, “As a global leader in the
carbon black industry, we have constantly been exploring opportunities to discover new
paths and drive new solutions in the effort of achieving our milestone of Net Zero carbon
emissions by 2050. The Green Finance Framework is an organic step in that direction.
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It challenges us to deliver on our commitments and our vision.” He further added, ”With
the launch of Continua™ SCM, we have carved a strong position for ourselves in the
sustainability and circularity domain within the carbon black industry. We now look
forward to exploring innovative solutions that support our goals and that of our
customers in the times to come.”
Sharing his thoughts on the occasion, John Loudermilk, Chief Executive Officer, Birla
Carbon, said, “Achieving Net Zero Carbon Emissions by 2050 is at the core of our
business strategy at Birla Carbon. The state-of-the-art absorber technology initiative at
our Louisiana facility demonstrates our commitment towards using the best available
technologies for sustainable manufacturing of carbon black products.” He further added,
“In the years ahead, a significant commitment will be required for decarbonization
efforts of our process and the introduction of more Sustainable Carbonaceous Materials
in the market. Keeping this in mind, such a framework will greatly help finance such
projects.”
The Green Finance transaction was led by ANZ as the Lead Green Coordinator and
DBS and HSBC as Joint Green Coordinators.
