Improvements 2024

Project Information and Purpose: The "Biotrend Turkey Waste Plastic Reduction Project" (Biotrend PWRP) involves multiple project activities across four sites developed by Biotrend Çevre ve Enerji Yatırımları A.Ş. and operated by four SPVs: Landfill Enerji Üretim A.Ş, İzmir Doğustar Enerji Üretim A.Ş, Doğustar Enerji Üretim A.Ş, and Uşak Yenilenebilir Enerji Elektrik Üretim A.Ş.

The project features a Mechanical Separation and Material Recovery Facility that mechanically collects plastic waste through municipal solid waste (MSW) management activities in the provinces of Bursa, Balıkesir, İzmir, and Uşak in Türkiye. The project receives mixed municipal solid waste and collects plastic waste through mechanical sorting. The sorted plastic waste is then either sent to intermediate or plastic recycling firms. The project's aim is to minimize environmental damage by collecting plastic waste, fostering recycling, and promoting a more sustainable future. The project manages various types of plastics, including flexible plastics (PP bags, white flexible LLDPE, colored flexible LLDPE) and rigid plastics (mixed plastic: HDPE & PP, black PP, PET). The project does not generate additional plastic waste during collection. All facilities are part of an integrated waste management plant with sanitary landfills. The collected plastic waste is sent to authorized recycling facilities, and the remaining portion is used as RDF (Refuse-Derived Fuel) or disposed of in sanitary landfills, in compliance with environmental regulations. The project activity is expected to collect approximately 25,000 tonnes of plastic waste annually.

Operation of the Local Stakeholder Continuous Information Mechanism: Throughout the project's duration, feedback and input from stakeholders will be consistently collected and considered. Comments, recommendations, and grievances from primary stakeholders will be recorded and reported. Feedback channels have been established, including feedback forms at the project site, communication through village headmen, and direct meetings with company management if necessary. These channels ensure effective communication and resolution of any issues.

Verra Plastic Reduction Certificates: This project aims to mitigate the negative environmental impacts of plastic waste by obtaining Verra Plastic Reduction Certificates. These certificates verify and document the amount of plastic waste collected and recycled under the project. They support the project's goals of reducing environmental impact and promoting sustainable waste management. For more information, please visit Verra's website:

https://registry.verra.org/app/projectDetail/PWRP/4960

 Project Based Government Incentives and Investment Place Allocation

Project-based state aid was provided to the pyrolysis oil production facility to be established in İzmir Aliağa by Biotrend Advanced Transformation and Renewable Energy Technologies Industry Inc. by the Presidential Decree.

Strategic Partnership Discussions with Freepoint Eco-Systems

Our company Biotrend Environment and Energy Investments Inc. and UK-based Freepoint Eco-Systems International Ltd. have signed a non-binding preliminary protocol ("Term Sheet") for a strategic partnership. Purpose: Freepoint Investor to have approximately 10% share in our company. Development and management of advanced recycling projects. Establishment of a strategic investment company with a 50%-50% partnership structure. Planned Use: The income to be obtained from the partnership will be used in the plastic advanced recycling project developed in İzmir Aliağa with an annual production capacity of 55 thousand tons. Target Capacity: It is aimed to reach a total annual production capacity of 250 thousand tons with similar projects in the Balkans and the Middle East.

Partnership Discussions with Portfolio Management Companies at Biotrend Upcycling Level

A non-binding preliminary protocol ("Term Sheet") has been signed between our company Biotrend Çevre ve Enerji Yatırımları A.Ş. and UK-based Freepoint Eco-Systems International Ltd. for a strategic collaboration.

 EPC Agreement

A non-binding letter of intent and preliminary protocol was signed with Üstay Yapı and DOĞYAP for the plastic upcycling facility where Honeywell UpCycle technology will be used.

A simple partnership will be established between Üstay Yapı (60%) and DOĞYAP (40%). EPC contract details will be determined in accordance with market conditions and the relevant regulations of the Capital Markets Board will be followed. The facility to be established in İzmir Aliağa is planned to have an annual plastic recycling capacity of 55 thousand tons.

Within the scope of the plastic upcycling project, a strong infrastructure has been created with strategic partnerships, government incentives and engineering contracts, and our company aims to establish a recycling network at international standards.

Our subsidiary, İzmir Doğu Star Elektrik Üretim A.Ş., won the tender for the establishment and 20-year operation of a recycling and energy production facility in Bornova Işıklar Neighborhood of İzmir Metropolitan Municipality.This investment will contribute to our sustainable growth goals by increasing the income diversity of our company.

It has been decided to evaluate our company's resources in the "Venture Capital Investment Fund (VEF)" and to sign an agreement to invest as a lead investor in the Neo Portfolio Management Inc. Cleantech Venture Capital Investment Fund, which was established with Neo Portfolio Management Inc. in this direction. The Neo Portfolio Management Inc. Cleantech Venture Capital Investment Fund aims to make venture capital investments in high growth potential venture companies operating in the fields of energy efficiency, energy production, energy storage, waste management, recycling, smart cities, biotechnology, water and resource management within the scope of sustainability and developing technologies, through capital, debt-equity mix and similar means, and to create long-term value by providing strategic support to these companies and ensuring that the companies achieve their growth targets. 

As a result of the rating study conducted by Kobirate International Credit Rating Services and Corporate Governance Inc. to rate the level of compliance with the "Corporate Governance Principles" published by the Capital Markets Board, our Company's Corporate Governance Compliance Rating Score has been determined as 9.45 (out of 10 full points) as of April 15, 2024. The report prepared by Kobirate International Credit Rating Services and Corporate Governance Inc. regarding the Corporate Governance Rating has been published on our Company's website (https://www.biotrendenerji.com.tr).

As Biotrend, our first Sustainability Report, prepared in accordance with the Global Reporting Initiative (GRI) Standards, in which we explain our sustainability strategy and our goals in line with our vision of "Transforming Waste into Value for a Livable World" for the future, has been shared with the public on our company's website at . To review our report,Click here.