EBRD funds €25 million project to boost Polinas Plastik’s sustainability and efficiency
Sustainability Economics
E2E AUTOMATION AND LIFECYCLE MANAGEMENT OF NET-ZERO TRANSITIONS
The European Bank for Reconstruction and Development (EBRD) announced that it is set to provide a €25 million loan to Türkiye’s Polinas Plastik.??
The EBRD is providing the loan to bankroll the company’s capex investments, which include resource and energy efficiency measures in the production line and solar panels.??
The EBRD funds will be used to install and support a new production line for biaxially oriented polypropylene (BOPP) film, acquire new machinery, and invest in solar panels.?
The project will help Polinas cut its carbon emissions by enhancing its use of renewable energy and increasing the production of fully recyclable packaging, which will incorporate recycled and bio-based materials.?
As climate concerns gain importance, the flexible plastic packaging industry is experiencing a growing demand for materials that are recyclable and contain recycled content. Brands are particularly focused on reducing their packaging’s carbon footprint .?
Polinas is a significant regional player, with exports reaching over 50 countries.?
The company specializes in producing BOPP (biaxially oriented polypropylene), BOPET (biaxially oriented polyethylene terephthalate), and other films primarily for the food sector.??