Türkiye: Çimsa has secured a US$26.7m loan from the European Bank for Reconstruction and Development (EBRD). The bank says that the loans will finance decarbonisation projects, including the establishment of waste heat recovery (WHR) and solar power units.
Çimsa CEO Umut Zenar said, "We are determined to advance our sustainability goals and take important steps in our energy efficiency and decarbonisation efforts. This collaboration with the EBRD represents a significant milestone in our journey towards a greener future. We are proud to be the first cement company in Türkiye to receive this type of financing from the EBRD, reflecting our commitment to leading the industry in sustainability initiatives.”
The EBRD expects Türkiye to require US$10bn worth of investments up to 2030 to be on track for its target of net zero CO2 emissions by 2053.
