EBRD backs Türkiye’s aluminium sector with loan to Assan Alüminyum

• EBRD provides financing to Assan Alüminyum
• Loan to boost efficiency and green production
• Project follows low-carbon pathways initiative

The European Bank for Reconstruction and Development (EBRD) is providing a €20 million loan to Assan Alüminyum to finance the company’s wide ranging decarbonisation investments, leading to increased scrap use and higher efficiency while cutting energy and gas consumption.

The installation of a foundry line filtration system means that material used in aluminium production can be cleaned and reused; a new foil rolling oil filtration system will reduce evaporative losses by up to a third; and upgrades to a cold rolled aluminium line will increase efficiency.

Aluminium is one of the sectors covered by the EBRD-backed low carbon pathways initiative, which creates roadmaps for policy change and private-sector investments for decarbonisation in hard-to-abate sectors. The initiative has paved the way for the Türkiye Industrial Decarbonisation Investment Platform (TIDIP), the world’s largest industrial decarbonisation programme to date, spearheaded by the Bank.

The Bank’s financing to Assan Alüminyum, a subsidiary of Kibar Holding, is fully aligned with the TIDIP objectives.

Speaking on the investment, Mehmet Erdem Yasar, the EBRD’s Deputy Head of Türkiye, said: “Our partnership with Assan Alüminyum demonstrates how climate finance and inclusive practices can come together to strengthen an entire industrial ecosystem. We are very happy to be welcoming them to our client portfolio and we are confident that, through this financing, we are supporting greener production and helping advance better workplace standards. Projects like this are crucial for building a more sustainable and competitive manufacturing sector in Türkiye.”

Haluk Kayabaşı, Chief Executive Officer of Kibar Holding, said: “We found an ideal partner in the EBRD to implement our sustainability strategy through green investments, delivering measurable improvements in efficiency, decarbonisation and long-term competitiveness. Our collaboration with the EBRD strengthens our sustainability vision.”

With the Bank’s support, Assan Alüminyum will also introduce a structured caregiving support framework to improve employee well being, especially for women who disproportionately shoulder care responsibilities in Türkiye. The framework, powered by the EBRD Care Compass online learning platform, will help Assan Alüminyum to enhance workforce participation, retention and equal opportunities.

The EBRD is one of Türkiye’s largest institutional investors, with over €23 billion committed across more than 500 projects since 2009, most of which are in the private sector.