EBRD promotes green innovation in Uzbekistan’s agribusiness sector

Finance Materials 26 September 2022 19:15
Baku, Azerbaijan Trend News Agency
EBRD promotes green innovation in Uzbekistan’s agribusiness sector

The European Bank for Reconstruction and Development (EBRD) is promoting green innovation in the agribusiness sector of Uzbekistan by supporting operations of the UzCarlsberg country’s leading brewer, Trend reports via the bank.

A senior EBRD loan of up to 14 million euros to UzCarlsberg will help finance the company’s capital expenditure and improve its resource management.

The funds will be used to install a Carbon dioxide (CO2) capture and recuperation system and to improve packaging practices by increasing the share of returnable kegs from the current 20 percent to 30 percent.

As part of the project, UzCarlsberg will also introduce more efficient filtration and cooling systems and acquire cooling units that operate on natural-based refrigerants.

The sustainability of the agribusiness sector is particularly important for Uzbekistan as it contributes to almost 30 percent of GDP and employs more than 3.65 million people across the country.