Sisecam Becomes Sole Shareholder of Sisecam Cevre Sistemleri
Sisecam has become the sole shareholder of Sisecam Cevre Sistemleri. The company was founded by Sisecam and the European Bank for Reconstruction and Development in 2016.
About Sisecam Cevre Sistemleri
Sisecam Cevre Sistemleri has supported the institutionalization of Turkey's glass waste collection and recycling industry over the past seven years. Aiming to rank among the world's top three manufacturers in its main fields of activity and pursuing its investments accordingly, Sisecam became the sole shareholder of the company by exercising the option to purchase EBRD's 10 percent stake in Sisecam Cevre Sistemleri.
Sisecam Cevre Sistemleri has supported industry players on the way to institutionalization by focusing on ecosystem financing. The joint venture company aimed to establish modern facilities that can produce higher quality cullet. Sisecam Cevre Sistemleri has mediated glass recycling companies in Turkey to invest in infrastructure and establish state-of-the-art facilities. Sisecam also played an active and pioneering role in the production of cullet by establishing its own licensed facility.
Sisecam's glass recycling efforts
Sisecam has conducted glass recycling activities and realized major circular economy projects for many years. These various efforts are closely aligned with Sisecam's concrete goals under its CareforNext Sustainability Strategy. Operating production facilities in 14 countries on four continents, Sisecam aims to boost the rate of external glass cullet used in its glass packaging production to 35 percent by 2030. In the energy-intensive glass industry, energy consumption can be lowered by using cullet, which reduces the need for natural raw materials. The use of cullet from recycling waste glass reduces carbon emissions caused by a bottle throughout its entire life cycle by more than 50 percent, depending on the rate of the cullet used.
Sisecam's Glass and Glass Again project, in operation since 2011, aims to create a societal behavior change and support the transition to recycling. Sisecam has played an active role in the recycling of 2 million tons of glass cullet through Glass and Glass Again.
