BAKU, Azerbaijan, Feb.5. The European Bank for
Reconstruction and Development (EBRD) is lending €20 million to
Assan Alüminyum, a subsidiary of Kibar Holding, to fund
decarbonization investments aimed at increasing scrap use,
improving efficiency, and reducing energy and gas consumption,
Trend reports via the Bank.
The financing will support the installation of a foundry line
filtration system, enabling aluminium production materials to be
cleaned and reused; a foil rolling oil filtration system, expected
to cut evaporative losses by up to a third; and upgrades to a
cold-rolled aluminium line to boost operational efficiency.
Aluminium is among the sectors included in the EBRD-backed Low
Carbon Pathways initiative, which develops roadmaps for policy
change and private sector investment in hard-to-abate industries.
This initiative has helped establish the Türkiye Industrial
Decarbonization Investment Platform (TIDIP), the world’s largest
industrial decarbonization program, led by the Bank.
The EBRD said the financing is fully aligned with TIDIP
objectives and will help Assan Alüminyum expand its sustainability
footprint. In addition, the company will introduce a structured
caregiving support framework to enhance employee well-being,
particularly for women who disproportionately shoulder care
responsibilities in Türkiye. The framework, powered by the EBRD
Care Compass online learning platform, aims to improve workforce
participation, retention, and equal opportunities.
The EBRD is one of Türkiye’s largest institutional investors,
with over €23 billion committed to more than 500 projects since
2009, primarily in the private sector.
