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News IFC grants US$70m ‘green’ loan to Çimsa for decarbonisation

IFC grants US$70m ‘green’ loan to Çimsa for decarbonisation

Written by Global Cement staff 04 November 2024
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Türkiye: IFC has provided a US$70m 'green' loan to Çimsa to support its decarbonisation efforts, according to a press release from the IFC. The investment will fund energy efficiency projects, modernisation and the installation of solar photovoltaic panels. Expected outcomes include a 10% reduction in greenhouse gas emissions and increasing renewable energy usage to 20% by 2025. IFC's Cement Decarbonisation Tool Advisory Service will also assist Çimsa in identifying operational enhancements and further investments for achieving its sustainability goals.

Last modified on 06 November 2024
Published in Global Cement News
Tagged under
  • Türkiye
  • IFC
  • Çimsa
  • Loan
  • decarbonisation
  • efficiency
  • renewable energy
  • GCW684
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