Senegal’s Sococim Industries, which is part of the French Vicat Group, will receive a € 75m loan by the IFC to boost low-carbon cement production and job creation. The IFC green loan will support Sococim’s strategy to modernize its operations by introducing more efficient and alternative fuel technology, such as solar and refuse-derived fuels, beside other measures. These improvements are expected to help the company reduce greenhouse gas emissions by 0.312 Mta CO2 equivalent from 2030.