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Arkema Touts Green Bond, Facility Commitment

Thursday, November 19, 2020

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Specialty chemicals company Arkema has recently placed an inaugural Green Bond fully dedicated to the financing of a new plant in Singapore that’s slated to manufacture 100% bio-based Rilsan polyamide 11.

For a total amount of 300 million euros, this Green Bond has a maturity of six years and an annual coupon of 0.125%. The offering was more than 10 times oversubscribed, according to the company.

Arkema

Specialty chemicals company Arkema has recently placed an inaugural Green Bond fully dedicated to the financing of a new plant in Singapore that’s slated to manufacture 100% bio-based Rilsan polyamide 11.

Arkema notes that this Green Bond is aligned with its Corporate Social Responsibility and in financing the new Singapore plant the company is making strides in a sustainably project at the heart of its growth strategy.

This plant, which is scheduled to come on stream in 2022, is designed with technology to maximize its efficiency and minimize its environmental impact, and will be dedicated to producing 100% bio-based amino 11 monomer and Rilsan polyamide 11 from castor oil, a renewable and sustainable feedstock.

The company notes that its Rilsan polyamide 11 is recognized for its properties and performance in very demanding applications, contributing to the development of sustainable solutions in fast-growing sectors, such as 3D printing.

“By offering innovative solutions to its customers, notably in the field of lightweight materials, new energies and bio-based products, Arkema aims to generate responsible growth contributing to the Sustainable Development Goals defined by the United Nations,” the company noted.

“Thanks to this Green Bond, Arkema gives investors the opportunity to contribute to the development of sustainable solutions in specialty materials, and confirms its leadership in terms of sustainability and innovation,” added Virginie Delcroix, VP Sustainable Development, Arkema.

   

Tagged categories: Arkema Inc.; Asia Pacific; Business matters; EMEA (Europe, Middle East and Africa); Good Technical Practice; Green building; Green coatings; Latin America; North America; Z-Continents

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