Project detail - HEKSAGON KATI ATIK YONETIMI SANAYI

Who is our client

Heksagon Kati Atik S.A. (HKA) is the first private solid waste management company in Turkey that converts municipal solid waste, animal waste and packaging waste into commercial organomineral fertilizer, compost and biogas.

Funding objective

The project concerns the construction and operation of four integrated waste management and fertilizer manufacturing plants in Western Turkey.

Why we fund this project

The Project will contribute to FMO's 2020 strategy of halving our footprint as this qualifies as a 100 percent green transaction. The Company will collect, process and recycle waste in a responsible way which leads to minimizing of illegal waste dumping. It will reduce GHG emissions due to an estimated 25 percent decrease of landfills and by generating approximately 1.38 million m3 of biogas which is sold to the grid. Additionally, it will reduce polluting effects of fertilizer as the organic content in HKA's fertilizer keeps the nutrients in the soil as opposed to chemical fertilizers whereby nutrients easily drain to ground water. Finally, it will partially substitute fertilizer imports and create a benchmark for the Turkish waste management sector. HKA recently obtained Gold Standard carbon offset certification and will realize emission reduction of 514,940 tCO2 over the first 7-year crediting period.