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31.05.2016

Tunisia: IEB grants 19-mln loan to Groupe Chimique Tunisien

TUNIS, MAY 26 - The European Investment Bank (EIB) has granted the Groupe Chimique Tunisien (GCT) a loan worth 19 million euros to improve environmental standards at its plants where phosphates are extracted and processed, in particular, in Mdhila, Gabes and Skhira.

The announcement was made by the president of the Tunisian chemical company, Romdhane Souid, during a ceremony to sign the contract. The project funded by the EIB will allow CGT production units to cut down greenhouse gas emissions, which should go from today's 13 kilos per ton to two or three kilos per ton, according to international regulations.

The loan in question, which complements a first instalment of funding worth 55 million euros by the EIB, has a 4% interest rate that can be reimbursed in 15 years, with a grace period of four to five years.

Source : Ansamed


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    Well  feed  plants to feed people better

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    Fertilize the soil to better feed the world

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    Reasoned fertilization, agricultural prosperity

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    Phosphorus  is essential for life

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    Feeding a growing world

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    Feeding  the world and protect the planet

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