SISECAM AND EBRD Partnership boosts Turkey's glass recycling capacity

摘要

Sisecam Group, a global actor in glass industry as well as soda and chromium chemicals, is embarking on an ambitious EUR 20 million glass recycling operation, demonstrating its commitment to using more recycled glass than mined raw material. The EBRD is acquiring a minority stake in Sisecam Cevre Sistemleri A., a newly established recycling arm of Sisecam, and is extending a EUR 20 million loan to finance glass recycling equipment. The Bank has also mobilized an additional EUR 2 million loan from the Clean Technology Fund, a funding window of the Climate Investment Funds, as well as EU grants. Ensuring the sustainability of glass production in Turkey is a major focus for both partners. This new joint initiative represents an innovative response to the challenges in the Turkish glass recycling market. Sisecam Cevre Sistemleri will provide its cullet suppliers with state-of-the-art equipment which they wouldn't be able to invest in otherwise. This equipment will increase suppliers' collection and treatment capacities as well as the quality of the cullet, strengthening the entire glass recycling supply chain.