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TSKB mediates the realization of an important project in the field of sustainability and circular economy through financing. Meltem Kimya, for which TSKB provided a loan of 30 million dollars with an 8-year maturity, will recycle PET bottles with the rPET Resin raw material that it will produce by separating used PET bottles into building blocks using the chemical depolymerization method.
Turkish Industrial Development Bank (TSKB) provides financial support of $30 million to an important recycling project in the field of circular economy. The loan agreement signed between TSKB and Meltem Kimya was held with the participation of TSKB General Manager Ece Börü and Meltem Kimya CEO Turan Şahin
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At the signing ceremony held at Meltem Kimya's facilities in Adana Hacı Sabancı Organized Industrial Zone, TSKB General Manager Ece Börü said, "According to the United Nations Environment Program estimates, plastic waste is expected to reach 12 billion tons in 2050. Today, when the risk of climate crisis has reached critical levels, collaborations that protect nature and our future are of utmost importance. Meltem Kimya, to which we offer a loan as TSKB, uses the chemical separation method. "It will recycle PET bottles. This method will also allow the recycling process to occur with low carbon emissions. We are very happy to provide financing for such an important project in terms of circular economy."
Another important outcome of the chemical depolymerization method implemented by Meltem Kimya is that the products obtained are suitable for contact with food. In the food and beverage industry in Turkey, in order not to put human health at risk, packaging produced from raw materials obtained by mechanical recycling of PET bottles is not allowed to be used in contact with food. The method applied by Meltem Kimya is an accepted practice for the production of PET resin suitable for food contact.
A 130 thousand square meter facility will be established with the financing provided by TSKB
Meltem Kimya, which will supply recycled PET resin to multinational companies operating in the FMCG (Fast-Moving Consumer Goods) sector, will increase capacity by establishing a facility with a closed area of 125 thousand square meters with the financing provided by TSKB. There will be a warehouse and auxiliary businesses in an additional area of 15 thousand square meters. Thus, the company will be able to meet the increasing demand of major food and beverage brands within the framework of their recycling strategies and 2025-2030 projections. The facility, with a total investment amount of 45 million dollars, is planned to be completed in October 2022.
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