Investments include, among other initiatives, the installation of a filtration system on the casting line, enabling the cleaning and reuse of materials used in aluminum production. In parallel, a new oil filtration system on the aluminum sheet rolling line is expected to reduce evaporation-related losses by up to one-third, while upgrades to the cold rolling line will enhance the overall efficiency of the production process.
The aluminum sector is one of the key industries covered by the EBRD’s Low Carbon Pathways initiative, which develops roadmaps for policies and private investments aimed at reducing emissions in energy-intensive and hard-to-decarbonize sectors. In this context, the initiative paved the way for the creation of the Türkiye Industrial Decarbonisation Investment Platform (TIDIP), the largest industrial decarbonization program globally to date, with the EBRD playing a central role.
The financing provided to Assan Alüminyum, a subsidiary of Kibar Holding, is fully aligned with TIDIP’s objectives, supporting the transition of the Turkish industrial sector toward more sustainable production standards.
In a statement, Mehmet Erdem Yasar, Deputy Head of the EBRD in Turkey, noted that the partnership with Assan Alüminyum “demonstrates how climate finance can be combined with inclusive practices, strengthening the entire industrial ecosystem.” He emphasized that through this investment, the EBRD supports green production and improved working conditions, contributing to the development of a more sustainable and competitive manufacturing sector in Turkey.
Haluk Kayabaşı, CEO of Kibar Holding, highlighted that the EBRD is an “ideal partner for implementing the Group’s sustainability strategy,” stressing that green investments generate measurable benefits in terms of efficiency, decarbonization, and long-term competitiveness.
Beyond environmental initiatives, with EBRD support, Assan Alüminyum will implement a structured care support framework aimed at improving employee well-being, particularly for women, who in Turkey disproportionately bear caregiving responsibilities. The program will leverage the EBRD Care Compass digital platform and seeks to enhance workforce participation, staff retention, and equal opportunities.
The EBRD is among the largest institutional investors in Turkey, having invested over €23 billion in more than 500 projects since 2009, the vast majority of which involve the private sector.