Limestone Tender

Project ID: 56534
Status: Signed
Location: Türkiye
Business Sector: Manufacturing and Services
Notice Type: Private
Environmental Category: B
Approval Date: 09 Sep 2025
Disclosure date: 06 Nov 2025

Project Description
The EBRD provided up to EUR 50 million in favour of Cimsa Cimento Sanayi ve Ticaret A.S. (the "Company" or "Cimsa"), a joint stock company incorporated in Türkiye, to finance the green investment programme implemented under the Company's Green Financing Framework ("GFF") which includes a greenfield calcium aluminate cement ("CAC") kiln and decarbonisation investments in other existing kilns located at the Mersin plant (the "Project") in Türkiye.

Project Objectives
This decarbonisation investment program fully supports the green economy transition through the capacity building of green cement derivatives (i.e., CAC) while implementing renewable energy sources and improving thermal efficiencies, while reducing the clinker to cement ratio with alternative raw materials. The investment in the greenfield CAC kiln will contribute to the decrease in fuel and energy consumption. Therefore, the Project is qualified as 74% GET and aligned with EU Taxonomy for climate mitigation given it will enable and demonstrate substantial life cycle GHG emission savings.

The Project will also address key human capital development by introducing a new internship programme to build technical and green manufacturing skills in partnership with local education providers. The Project also qualifies for Gender SMART at the level of gender additionality as it will promote women's access to economic opportunities in the male dominated cement industry.

Transition Impact
ETI score: 66

The transition impact of the Project will be derived from:

(i) Green quality as the Project will support the Company's green investment programme through the financing of a greenfield CAC kiln and other decarbonisation investments at Mersin plant in Türkiye (74% GET share) and;

(ii) Inclusive quality as the Project will introduce a new internship programme in collaboration with local education providers, delivering technical and green manufacturing skills in the cement industry.