AKSA Energy Efficiency
Policy measure

The European Bank for Reconstruction and Development (EBRD) “has provided US$ 50 million loan to Aksa Akrilik Kimya Sanayi A.S (AKSA), Turkish manufacturer of acrylic and carbon fiber, to finance the implementation of a series of operational and energy efficiency investments at the Company’s production facility in Yalova. The Project will improve the Company’s operational efficiency by optimizing production processes, thereby reducing operational costs through newly adopted in house production technologies.” (EBRD, 2011)


Total project cost has been estimated at USD 60 million of which the EBRD financed USD 50 million (EBRD, 2011).

Implementation
No identified implementation measures.
Challenges
No identified challenges.
Outcomes

The following project outcomes have been identified (EBRD, 2011):

  • Setting standards in energy efficiency and better environmental performance: With the implementation of the entire package of energy and operational efficiency measures the Company will reduce their net process energy requirements that will result in CO2 emission savings. The Project will utilize the highest standards of best available and innovative technologies, compliant with the EU’s IPPC Directive and the respective EU-BREF directives of the textile and polymers industry. Aksa will also achieve best international practice in plant and worker safety and risk management, by implementing particular environment & social management and performance enhancement incentives within the scope of the Project.

  • Demonstration effect of innovation and operational restructuring: The Project will drive innovation and process enhancements in order to improve productivity which will lead to higher profitability. The Project will therefore represent a show case and set a benchmark for other Turkish companies utilising similar production processes.”

References

EBRD (European Bank for Reconstruction and Development), 2011. Turkey: AKSA Energy Efficiency. Available at: www.ebrd.com/english/pages/project/psd/2011/42311.shtml.