Hungary’s nitrogen fertilizer maker Nitrogenmuvek is seeking financing for medium- and long-term projects aimed at increasing efficiency and other green goals, its Chief Strategy Officer, Zoltan Bige, said in an interview with Bloomberg.
Nitrogenmuvek plans to tap the bond market, a step it needs to take because it said Europe has no “competitive subsidy scheme” for such projects. Green bonds may be an option, as calcium ammonium nitrate, its key product, is considered the greenest fertilizer available on market, said Bige. The company expects some emissions-cutting projects may be launched in 2023 and completed in two years.