Papua New Guinea: Pacific Lime and Cement (PLC) has agreed a strategic partnership with the International Finance Corporation (IFC) to provide advisory support for PLC’s Phase 2 Central Cement Project in Central Province, Papua New Guinea. The project will be PNG’s first vertically integrated clinker and cement production facility, aimed at substituting imports and meeting domestic demand. IFC’s participation brings technical expertise and environmental, social, and governance (ESG) standards to the project, aligning it with international best practices and helping to de-risk the path toward full financing and construction. As part of the advisory scope, IFC will assess the project’s existing Environmental and Social Management System (ESMS) and recommend improvements to help PLC move toward compliance with IFC Performance Standards, a requirement for international finance.
