The European Bank for Reconstruction and Development (EBRD) has announced its intentions to invest in a minority stake in waste-to-energy firm Biotrend Çevre ve Enerji Yatırımları AS (Biotrend Enerji).

Biotrend’s main activities are integrated solid-waste management and renewable energy generation under municipal concessions of up to 20 years. The company operates 18 waste-to-energy plants in the Turkish cities of Izmir, Bursa, Balikesir, Hatay, Usak, Sivas, Aydın, Canakkale and Malatya, with a total installed capacity of 72.6 MW. Biotrend has been listed on Borsa Istanbul since April 2021.

With EBRD support, Biotrend Enerji will advance corporate governance and climate-risk management, adopt higher environmental standards and procurement practices, and promote gender equality in the workplace.