Greener packaging for Turkey due to ERBD loan

The European Bank for Reconstruction and Development (EBRD) is providing a €25mln loan to Polinas Plastik to finance resource- and energy-efficiency measures.

The proceeds of the loan will enable the installation of and support for a new production line for biaxially oriented polypropylene (BOPP) film, as well as new machinery and investments in solar panels.

As a result, Polinas will reduce its carbon emissions and increase production of a recyclable packaging material that can use both recycled and bio-based content.

In addition to sustainability, the loan will bolster the diversity and inclusion credentials of Polinas, supporting the employment of women in the manufacturing sector.

Polinas will work to boost the number of women it employs and commit to improving its diversity practices.