Carbon black manufacturer Birla Carbon 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 as part of the business’ decarbonization drive to achieve net zero carbon emissions by 2050 and the introduction of the Continua™ 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 $50 million. The loan will refinance a part of the capital expenditure that has been incurred towards installing absorber technology to remove various compounds from air emissions levels at the North Bend, Louisiana, plant.