Cimsa Cimento Sanayi ve Ticaret AS (Cimsa), a leading cement producer in Türkiye, has secured a significant step towards sustainability with a EUR 25 million long-term loan from the European Bank for Reconstruction and Development (EBRD). The funding will support Cimsa’s ambitious decarbonization initiative aimed at enhancing energy efficiency and reducing carbon emissions across its operations.
The decarbonization investment program, financed by EBRD, includes the installation of a 10.8MW solar plant and a 5.1MW waste heat recovery (WHR) power plant at Cimsa’s Eskisehir facility. Additionally, the program encompasses the construction of a new silo for additive cement/low clinker content products and upgrades in resource efficiency processes and technologies.
“This loan marks a pivotal moment for Cimsa as we intensify our commitment to environmental stewardship and sustainable practices,” remarked a spokesperson from Cimsa. “These projects not only align with EU Taxonomy for climate mitigation but also contribute significantly to reducing our carbon footprint through renewable energy integration and enhanced operational efficiencies.”
The initiatives under this program are expected to yield substantial life cycle greenhouse gas (GHG) emission savings, supporting Türkiye’s green economy transition and demonstrating Cimsa’s leadership in sustainable manufacturing practices. The projects are also designed to address diversity challenges within the cement sector, with measures aimed at increasing female participation in decision-making roles and STEM-related positions.
EBRD’s involvement in the project emphasizes its role in promoting high standards of environmental and social governance (ESG) across its investments. An Environmental and Social Action Plan (ESAP) has been developed to ensure compliance with EBRD’s Performance Requirements, focusing on areas such as dust management, occupational health and safety, and supply chain management.
“We are pleased to partner with Cimsa in their journey towards decarbonization and sustainability,” stated an EBRD representative. “This financing underscores our commitment to supporting innovative projects that contribute to environmental protection and inclusive growth.”
Cimsa, part of Sabanci Holding and a key player in the global cement industry, has operations in Türkiye and international subsidiaries. The company’s expansion into renewable energy and green technologies reflects its strategic vision to mitigate climate risks and enhance operational resilience.
The loan agreement signifies a significant step forward in Türkiye’s efforts to achieve carbon neutrality and reinforces Cimsa’s position as a pioneer in sustainable cement manufacturing. The implementation of these projects is slated to commence promptly, with ongoing monitoring and reporting to ensure adherence to EBRD’s stringent environmental and social standards.
As Cimsa progresses with its decarbonization agenda, stakeholders anticipate tangible environmental benefits and long-term sustainability impacts across the cement industry and broader economy.
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