Romanian construction materials producer Teraplast (TRP) secured financing to develop a biodegradable film production capacity under a EUR 12.7 mln greenfield project.

The primary raw materials for this unit are polylactic acid and potato starch, which fall into the category of renewable raw materials - activity based on renewable raw materials, according to the EU taxonomy.

Banca Comerciala Romana (BCR) extended a “green” financing package, including a EUR 6.9 mln seven-year loan and a EUR 5.8 mln bridge loan for the period until a state aid with the same size will be disbursed.

For this investment, the TeraPlast Group has set up a new company, TeraBio Pack SRL, and the factory will be operational in the third quarter of this year. This unit will serve the Romanian market but also European markets.

andrei@romania-insider.com

(Photo source: the company)