Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Turkiye

Geographic location where the impacts of the investment may be experienced.

Specific Location

Kazan and Sincan Provinces, north-west of Ankara

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Jul 23, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Kazan Soda Elektrik Uretim A.S.

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Industry and Trade
Mining

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 250.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Loan Amount (USD)

$ 250.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Project Cost (USD)

$ 286.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 23, 2025

Disclosed by Bank Jun 13, 2025

Contribute Information
Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, the project consists of an up to USD 200 million senior secured loan to support the expansion of soda ash and sodium bicarbonate production capacity of Kazan Soda Elektrik Uretim A.S., including decarbonisation investments.

The Project will contribute to enhanced competitiveness and export capacity of Turkiye's mining sector by supporting one of the most cost-efficient natural soda ash producers globally, further strengthening the country's position in sustainable mineral value chains. In addition, the Bank's investment will support Kazan Soda's efforts in further decarbonising its operations, contributing to enhanced climate resilience.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated on the project disclosure page, the Bank's loan will be granted to WE Soda Ltd for the expansion of Kazan's operations. Kazan operates advanced soda ash production facilities with an annual production capacity of 3.0 million tonnes of soda ash and 0.2 million tonnes of sodium bicarbonate. It is a wholly owned subsidiary of WE Soda Ltd, which is controlled by the Ciner Group, a global diversified industrial conglomerate with interests in chemicals, container glass, shipping, energy, and other industrials sectors.

As stated by Bloomberg, WE Soda Ltd provides minerals. The Company produces soda ash and sodium bicarbonate. WE Soda serves customers worldwide.

Ciner Group operates as a mining company. The Company offers economic, social and cultural development services in energy and mining, natural soda ash, glass and chemicals, maritime and shipping and news, entertainment media, and other commercial sectors as its main fields of activity. Ciner Group serves customers in Turkey.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
Ciner Group	Parent Company	Industry and Trade	owns	WE Soda Ltd.	Parent Company	Industry and Trade
WE Soda Ltd.	Parent Company	Industry and Trade	owns	Kazan Soda Elektrik Uretim A.S.	Client	Mining

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Kazan Soda Elektrik Uretim A.S.:

Omer Ziya Ercengiz
Phone: +447770089736

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html