The IFC announced a US$ 70m green loan to Çimsa Çimento in Türkiye to support its ambitious decarbonization projects. The loan will help to fund Çimsa’s decarbonization (photo: Mersin cement plant), which include energy efficiency investments, clinker reduction and the installation of large solar systems to achieve 20% renewable energy by 2025. Improvements in waste heat recovery systems and increased use of renewable energy are expected to help Çimsa reduce its greenhouse gas emissions by approximately 10%.