08
Jan
12:21
Bahrain Steel secures loan for carbon reduction investment
Bahrain Steel, the largest iron ore pellet producer in the Gulf Cooperation Council, has signed a $450 million Sustainability-Linked Loan (SLL) that spans seven years, notes Kallanish.
The proceeds of the loan will be used for capital expenditure to construct the world's most extensive storage shed with rooftop solar panels, in addition to meeting working capital requirements, according to an official statement.
In December, the company signed a memorandum of…
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