ADB lends $50M to boost Bangladesh polyester chips to 407 t/day
The Asian Development Bank has approved a $50 million loan to support MSL’s expansion of polyester chips production in Bangladesh, increasing daily capacity from 107 tonnes to 407 tonnes. The project aims to reduce import dependence, shorten lead times, and improve efficiency for textile manufacturers. It will save 4,840 megawatt-hours of electricity and cut 2,222 tons of CO₂-equivalent emissions annually. The facility targets LEED Platinum certification and will create about 100 new jobs with inclusive recruitment. ADB country director Qingfeng Zhang emphasized the project’s role in deepening backward linkages and supporting higher-value textile manufacturing.