The European Bank for Reconstruction and Development (EBRD) is providing a €20 million loan to Assan Alüminyum to support a wide-ranging programme of decarbonisation investments aimed at improving efficiency and reducing energy and gas consumption in aluminium production.
The financing will enable the installation of a foundry line filtration system to clean and reuse materials, a new foil rolling oil filtration system to cut evaporative losses by up to one third, and upgrades to a cold-rolled aluminium line to enhance operational efficiency. Together, these measures will increase scrap usage and lower the company’s carbon footprint.
The project aligns with the EBRD-backed Low Carbon Pathways Initiative, which develops decarbonisation roadmaps for hard-to-abate sectors, including aluminium. It also supports the objectives of the Türkiye Industrial Decarbonisation Investment Platform (TIDIP), the world’s largest industrial decarbonisation programme spearheaded by the Bank.
Assan Alüminyum, a subsidiary of Kibar Holding, will also introduce a structured caregiving support framework to improve employee wellbeing and promote gender equality in the workplace, using the EBRD Care Compass platform.
Since 2009, the EBRD has invested more than €23 billion across over 500 projects in Türkiye, primarily in the private sector.
