13 April 2010 – ECGD, the UK export credit agency, has supported a UK-based company’s boiler and steam turbine system export deal to a Turkish aluminium recycling plant.
Sovereign Star Trade Finance (SSTF), which financed the deal with ECGD support, closed the loan agreement with DT Metal Geri Kazanim Teknolojileri Sanayi ve Ticaret (DTM).
The seven-year, $14 million loan agreement supports Chinook Sciences’ export of a turnkey boiler and steam turbine system for DT Metal’s aluminium recycling plant at Cerkezkoy, Tekirdag, outside Istanbul.
Chinook’s power plant will recover heat from burning the gas generated by the reprocessing process. The steam created by this method will generate around 3 MW of electricity for the plant.
The plant can turn up to 45,000 tonnes of used aluminium cans into ingots and liquid aluminium.