European Bank for Reconstruction and Development grants Salonit Euro15m loan towards alternative fuels improvement

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Slovenia: The European Bank for Reconstruction and Development (EBRD) has awarded Salonit Anhovo (Salonit) a Euro15m loan to be used for energy and resource efficiency improvements and to restructure the company’s balance sheet. The building materials producer has a substitution rate of 64% for alternative fuels at its Anhovo cement plant. The EBRD loan will be invested to increase this ratio further to improve the company’s profitability and reduce CO2 emissions. A precondition for increasing the ratio of alternative fuels is the installation of state-of-the-art equipment. The investment will also have a beneficial effect on operational costs, which are expected to decline thanks to the adjusted fuel ratios.

Last modified on 14 December 2016

URL: https://globalcement.com/news/item/5587-european-bank-for-reconstruction-and-development-grants-salonit-euro15m-loan-towards-alternative-fuels-improvement

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