Displaying items by tag: European Investment Bank

Türkiye: The European Bank for Reconstruction and Development (EBRD) is providing a €50m loan to cement producer Çimsa to support its decarbonisation efforts. According to the EBRD, the financing will fund a calcium aluminate cement (CAC) kiln and decarbonisation upgrades for existing grey and white cement kilns at Çimsa’s Mersin plant. CAC production has a ‘significantly’ lower carbon footprint than traditional grey cement, according to the producer.

The EBRD said that the project aligns with Türkiye’s Industrial Decarbonisation Investment Platform, the world’s largest industrial decarbonisation programme, which provides policy guidance and low-carbon pathways for hard-to-abate sectors, including cement.

Erdem Yasar, EBRD Deputy Head for Türkiye, said that the partnership supports both Çimsa’s competitiveness and broader industry sustainability.