Native name
|
Kazan Soda Elektrik Üretim A.Ş. |
---|---|
Private company | |
Industry | Chemicals |
Founded | 2010 |
Headquarters | Ankara, Turkey |
Area served
|
Worldwide |
Products | |
Owner | Ciner Holding |
Number of employees
|
1,000 |
Website | www |
The Kazan Soda Elektik, full name Kazan Soda Elektrik Üretim A.Ş., is a chemical industry and electric energy company in Ankara Province, Turkey producing natural soda ash and baking soda from trona. The company' is a subsidiary ofCiner Holding.
The trona ore deposits were owned by Rio Tinto Group, an Australian-British multinational and one of the world's largest metals and mining corporation. After survey activities, which lasted more than fifteen years, the company concluded that it will be not able to operate the mining of the trona ore reserves there, and sold the deposits to Ciner Holding in 2010.
The construction of the soda products plant began in 2015, after five years of efforts for bureaucratic permissions and financing. The investment budget of the project was US$1.5 billion. The financing of the project was provided by the Industrial and Commercial Bank of China (ICBC), Exim Bank of China and Deutsche Bank backed by theChina Export and Credit Insurance Corporation (Sinosure). Sberbank of Russia financially contributed during the groundbreaking phase. The construction of the facility was carried out by the China Tianchen Engineering Corporation (TCC). The facility was completed within two and half years. Kazan Soda Elektrik plant was inaugurated on January 15, 2018 in presence of Turkish President Recep Tayyip Erdoğan, Minister of Energy and Natural Resources Berat Albayrak, Minister of Labour and Social Security Jülide Sarıeroğlu, Ambassador of China Yu Hongyang and many other high-profile politicians and officials.