📋 Tender Overview
Project ID: 56049
Status: Passed Final Review, Pending Approval
Location: Türkiye
Business Sector: Natural Resources
Notice Type: Private
Environmental Category: B
Approval Date: 23 Jul 2025
Disclosure date: 13 Jun 2025
Project Description
Up to USD 200 million senior secured loan to support the expansion of soda ash and sodium bicarbonate production capacity of Kazan Soda Elektrik Üretim A. ("Kazan" or the "Company"), including decarbonisation investments (the "Project").
Project Objectives
The Project will contribute to enhanced competitiveness and export capacity of Türkiye's mining sector by supporting one of the most cost-efficient natural soda ash producers globally, further strengthening the country's position in sustainable mineral value chains. In addition, the Bank's investment will support Kazan Soda's efforts in further decarbonising its operations, contributing to enhanced climate resilience.
Transition Impact
ETI score: 61
The Project is determined aligned with the mitigation and adaptation goals of the Paris Agreement based on the application of the EBRD's Paris alignment approach for directly financed investments. The Project is also aligned with the Bank's Green Economy Transition (GET) objectives, with an estimated GET share of 95%. Kazan Soda holds a leading position in the global soda ash market, distinguished by its production scale, cost efficiency, and environmental sustainability. Its natural production process, based on mining of trona ore, positions the Company among the world's lowest-cost producers with one of the lowest carbon emissions intensities and environmental footprints in the industry.
