HEKSAGON KATI ATIK YONETIMI SANAYI
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
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.
What is our funding objective?
The project concerns the construction and operation of four integrated waste management and fertilizer manufacturing plants in Western Turkey.
Why do we fund this investment?
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.
- Website customer/investment
- http://www.hexagonkatiatik.com
- Region
- Europe & Central Asia
- Country
- Türkiye
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 2/18/2016
- End date
- 5/5/2021
- Total FMO financing
- USD 25.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+