25 Million Loan To Fuel Sustainable Development

EBRD Provides Financial Support for Green Investments in Turkey

$25 Million Loan to Fuel Sustainable Development

The European Bank for Reconstruction and Development (EBRD) has announced a US$25 million loan to Polinas Plastik, a leading Turkish plastics manufacturer, to support its green investments and expansion plans.

Long-Term Financing for Growth

The long-term loan, with up to 2 years of grace, will enable Polinas to expand its production capacity and invest in new technologies that reduce its environmental footprint. The EBRD's financing will allow the company to implement various green initiatives, such as energy efficiency upgrades, waste reduction, and water conservation measures.

"We attach great importance to sustainable development and see this loan as a significant step towards our green transformation," said Serkan Plastik, CEO of Polinas Plastik.

EBRD's Green Financing Facility

This loan is part of the EBRD's broader green financing facility in Turkey, launched in 2022. The facility is designed to support businesses investing in environmentally sustainable projects. By providing financing and technical assistance, the EBRD aims to promote green growth and a more sustainable Turkish economy.

Conclusion

The EBRD's commitment to Turkey's green transition reflects the global shift towards responsible investment. This loan not only supports Polinas Plastik's growth but also contributes to the country's ambitious climate targets. By investing in sustainable practices, Turkish businesses can accelerate their transition to a low-carbon economy and ensure their long-term competitiveness in an increasingly environmentally conscious world.