Ulusoy Un secures US$82M EBRD loan to lead Türkiye’s green transition in food processing
TURKIYE – Turkish flour producer Ulusoy Un has secured a EUR-80-million (US$ 82.8M) loan package from the European Bank for Reconstruction and Development (EBRD) to bolster its renewable energy initiatives and enhance energy efficiency.
This financing includes a US$9.5 million contribution from the Clean Technology Fund (CTF) under the EBRD’s High Climate Impact Programme, aimed to set an example for the industry by supporting renewable energy investments and raising corporate climate reporting standards.
A portion of the funds will finance a renewable energy investment programme, including the development of solar power plants in central Türkiye.
Additionally, Ulusoy Un will become the first company in the sector to invest in wind parks in the country’s western region, marking a groundbreaking step toward clean energy adoption in the industry.
Natalia Zhukova, EBRD Head of Food and Agribusiness, highlighted the importance of the project stating that;
“Currently, only a limited number of companies in Türkiye’s food processing industry disclose climate-related risks or have targets to reduce greenhouse gas emissions in line with best practices. By supporting Ulusoy Un, we hope to set an example in the sector of what should be done to protect the environment, reduce the carbon footprint, and align with the Paris Agreement.”
The food processing industry is a major contributor to global carbon emissions and is highly vulnerable to the impacts of climate change.
Dr. Eren Günhan Ulusoy, Chair of the Board at Ulusoy Un, expressed the company’s commitment to sustainability.
“At Ulusoy Un we care about the future and aim to reduce our carbon footprint by focusing on renewable energy in our investments. In this regard, we are pleased to have signed a loan agreement of €80 million with the EBRD,” he stated.
The company has been expanding its footprint aiming to be a powerhouse in the food processing sector.
In November 2024, the flour giant announced its acquisition of an 85% stake in Italian pasta manufacturer Pastificio Mediterranea.
The nearly US$5.76 million deal, finalized with Spain’s Cerealto Group, marked a significant step for Ulusoy Un as it strengthens its international foothold through one of Italy’s historic pasta brands.
Through this initiative, the EBRD aims to encourage other companies in the sector to adopt similar measures, fostering a shift toward sustainability and climate resilience. The outcome-linked funds will also incentivize Ulusoy Un to develop and implement robust climate reporting frameworks, enhancing transparency and accountability.
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