The European Bank for Reconstruction and Development (EBRD) is extending a €20 million loan to Assan Alüminyum to support the company’s broad decarbonisation programme. The investment will help the company increase its use of recycled scrap, improve production efficiency, and reduce both energy and gas consumption across its operations.
A key part of the project involves installing a new foundry line filtration system, which will allow materials used in aluminium production to be cleaned and reused more effectively. Assan Alüminyum will also implement a foil rolling oil filtration system that is expected to reduce evaporative oil losses by up to one-third. In addition, upgrades to the company’s cold rolled aluminium line will enhance efficiency and modernise production processes.
This investment aligns with the EBRD-backed low carbon pathways initiative, which creates clear roadmaps for policy changes and private-sector investment to reduce emissions in hard-to-abate industries. Aluminium is one of the sectors included in this initiative. The work carried out under these low carbon pathways has also contributed to the development of the Türkiye Industrial Decarbonisation Investment Platform (TIDIP), the largest industrial decarbonisation programme in the world, led by the EBRD. The loan provided to Assan Alüminyum, a subsidiary of Kibar Holding, is fully in line with TIDIP’s objectives.
Commenting on the investment, Mehmet Erdem Yasar, the EBRD’s Deputy Head of Türkiye, said that the partnership with Assan Alüminyum demonstrates how climate-focused financing and inclusive practices can work together to strengthen industrial ecosystems. He noted that the Bank is pleased to welcome the company as a new client and believes the investment will support greener production methods while helping improve workplace standards. According to Yasar, such projects are essential for building a more sustainable and competitive manufacturing sector in Türkiye.
Haluk Kayabaşı, Chief Executive Officer of Kibar Holding, emphasised that the EBRD is an ideal partner for advancing the company’s sustainability goals. He stated that the cooperation will drive measurable improvements in efficiency, decarbonisation, and long-term competitiveness, reinforcing their overall sustainability strategy.
Alongside environmental upgrades, Assan Alüminyum will also introduce a structured caregiving support framework aimed at improving the well-being of employees. This framework is particularly focused on supporting women, who often take on the majority of caregiving responsibilities in Türkiye. Supported by the EBRD’s Care Compass online learning platform, the initiative is designed to help the company enhance workforce participation, retention, and equal opportunities. The EBRD remains one of Türkiye’s largest institutional investors, with more than €23 billion committed across over 500 projects since 2009, the majority of which support private-sector development.
Subscribe to get the latest posts sent to your email.
