Uzbekistan: The European Bank for Reconstruction and Development has issued a US$5m loan to Ecoclimat Group for the launch of a new subsidiary, Angren Insulation. The company will use the loan to build a 32,000t/yr glasswool plant in Tashkent. The plant will use recycled glass as an input and reduce the group’s CO2 emissions by 85,000t/yr. The insulation producer said that it will help it to meet the growing local demand for mineral-based insulation.
Angren Insulation secures US$5m loan from European Bank for Reconstruction and Development for upcoming Tashkent glasswool plant
Written by Global Insulation staff
