| Project Detail |
Location:
Türkiye
Project number:
55063
Business sector:
Manufacturing and Services
Notice type:
Private
Environmental category:
B
Approval date:
14 May 2024
Status:
Signed
PSD disclosed:
25 Jun 2024
The EBRD provided up to EUR 25 million long-term loan to Cimsa to finance the Companys decarbonisation investment program which includes installation of (i) 10.8MW solar plant, (ii) 5.1MW WHR power plant, (iii) a new silo for additive cement/low clinker content products as well as (iv) resource efficiency process and technology upgrades at Eskisehir plant.
Project Objectives
This decarbonisation investment program fully supports the green economy transition through implementing renewable energy sources and improving thermal efficiencies, while reducing the clinker to cement ratio with alternative raw materials. Therefore, the Project is qualified as 100% GET and aligned with EU Taxonomy for climate mitigation given it will enable and demonstrate substantial life cycle GHG emission savings. The Project will also address key diversity challenges in Türkiyes cement sector where women continue to be underrepresented across all skills and job functions. Cimsa is aware of these challenges and has already made commendable progress in addressing them. As part of the Project, the Company will go one step further through the introduction of new diversity measures aiming at boosting female participation across decision making/managerial, white collars, and STEM-related roles. |
