Founded by Sisecam and the EBRD in 2016, the company has supported the industrialization of the glass waste collection and recycling sector in Turkiye for 7 years.
Sisecam has exercised the European Bank for Reconstruction and Development’s (EBRD) purchase option for its 10% stake in Sisecam Environment Systems Inc.
According to the statement made by Sisecam, the company, which was founded by Sisecam and the EBRD in 2016, has supported the industrialization of the glass waste collection and recycling sector in Turkiye for a period of 7 years.
Continuing to work with the aim of becoming one of the world’s top 3 manufacturers in its main fields of activity and continuing its investments in this direction, Sisecam became the sole shareholder of the company on April 24, when the EBRD exercised the buyout option for its 10% stake in Sisecam Environmental Systems Inc.
Sisecam Environmental Systems Inc, which was established with the partnership of Sisecam and the EBRD, has supported the industry on its way to industrialization by focusing on ecosystem finance with the vision of establishing modern facilities that will enable the production of higher quality cullet.
Sisecam Environmental Systems Inc. has mediated glass recycling companies in Turkiye to invest in infrastructure and facilities and establish state-of-the-art facilities. Sisecam also played an active and pioneering role in the production of quality cullet by establishing its own licensed facility in this area.
Sisecam will increase the use of cullet to 35%
Sisecam, which continues its activities in the field of glass recycling and has been carrying out projects for the circular economy for many years, has concrete targets that it has committed in line with its ‘CareforNext’ sustainability strategy.
Operating with its production facilities spread over 14 countries in 4 continents, Sisecam aims to increase the rate of external glass cullet used in glass packaging production processes to 35% by 2030.
In glass production, which is an energy-intensive industry, energy consumption can also be reduced by using cullet, which reduces the need for natural raw materials. Thanks to the use of cullet obtained by recycling waste glass, it is possible to reduce the carbon emission caused by a bottle throughout its life cycle by more than 50%, depending on the rate of cullet used.
Sisecam is implementing one of Turkiye’s most comprehensive sustainability and social responsibility projects with its ‘Glass Again Glass’ project, which it has been carrying out since 2011.
Sisecam has played an active role in recycling 2 million tons of cullet through the ‘Glass Again Glass’ project, which aims to support the transition to a recycling society by creating a social behavior change.
Sisecam aims to carry the benefit arising from the recycling capability of glass to other countries where it operates through sustainability-oriented projects and investments.
Planning to increase its positive impact in this area, Sisecam continues to be an active stakeholder working for a better world with its investments in line with its sustainability goals.
Glass, which is a very valuable material for a sustainable future with its 5,000-year history, offers the most accurate solutions for the needs of the planet with its 100 percent and infinite recyclability feature without losing any of its quality.
In this context, the recycling of glass also promises great potential. While this potential is expected to gain momentum with the introduction of the deposit refund system in Turkiye, it is anticipated that new investments in this field will also accelerate in the sector.
Sisecam, as the sole owner of Sisecam Environmental Systems Inc, aims to support its ecosystem and continue to lead the development and growth of the recycling sector with new investments in its facilities.
Source: AA / Prepared by Irem Yildiz