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Turkish insulation company invests in CHP

Investor
ODE, an insulation producer
Location
Turkey
Investment
Installation of a 2 MW CHP unit
Investment Size
€957,870
Financial results
Payback period of 2 years
Energy savings
17,040 MWh per year
CO2 savings
Almost 3,000 tonnes of CO2 per year (24%)
Impact
Having a reliable energy source has led to reduced production waste

ODE, established in 1986 as a contracting firm, has gradually shifted to production of insulation materials. Now the company is among the major insulation producers in the country with six modern plants and a total production area of 155,000m2.

The company decided to address the problem of regular power blackouts, that cause significant production wastes, and reduce production and electricity costs.

The ODE’s branch YALITIM MACON, applied for TURSEFF financing for this modernisation project that consists of purchase and installation of a 2 MW CHP unit.

The TurSEFF team performed the project analysis, including the technical-economic parameters and risks, to make sure the investment leads to sufficient energy savings and CO2 emission decreases.

The investment of €957,870 allowed the company to decrease its energy consumption by 17,040 MWh per year, leading to substantial cost savings. These savings are enough to repay the investment in two years. Further, the reliable energy supply allows to company to reduce production wastes, adding to profitability of business. In addition, the project resulted in CO2 emission decreases of 24 per cent or almost 3,000 tonnes per year, reducing the company’s negative impact on the environment.

This project has significantly improved the company’s long-term financial standing and competitiveness in the market.

It demonstrates that investments in energy efficiency are coupled with other benefits and are possible in all types of industries. It is therefore worth checking the energy saving potential of a company while considering investments in business development.

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