Elec’Recyclage Tunisie received an EBRD loan of up to €1.1 million to finance the construction of an industrial building in Utique in 2019, in addition to an EU grant of €85,000 for technical assistance.
The company used the financing to invest in new equipment to expand its recycling capacity, including a shredding workshop of 135 m² and a conditioning, shredding and compacting facility, which have increased the company’s thermal treatment capacity from 700 metric tonnes/month to 2,000 metric tonnes/month.
The new technology has not only made the recycling process more productive and efficient, but it has also reduced the amount of waste that is sent to landfill or openly dumped. Elec’Recyclage has been able to increase the volume of recycled materials it sells by 40%, from 6,270 tonnes per year in 2017 to 8,745 metric tonnes/year expected by the end of 2023. The company is also expected to indirectly reduce its CO2 emissions by 2,647 tonnes a year by the end of 2023.
As well as the financing, the company benefited from EBRD business advisory support to implement Occupational Health and Safety management system (OHS) to obtain an ISO 45001 accreditation which boosts the company’s competitiveness as it provides wider market access.