Natron Hayat, a limited liability company incorporated in Bosnia and Herzegovina, is owned by Kastamonu Entegre and Hayat Kimya, representing leading wood-based, tissue and chemical producers in Turkey. Moreover, Natron Hayat will introduce best international practices in disposal of wood waste and energy use.Įnvironmental benefits of the project will also include an estimated decrease in greenhouse gas emissions up to 274,553 tonnes of CO2 a year. It has the potential to promote biomass projects as financially viable solutions within the industrial sector in Bosnia and Herzegovina and across Western Balkans. The major transition impact of the project will derive from the demonstration effect of successful operation of the private biomass plant. It supports the Bank’s commitment to diversification of the energy sector in Bosnia and Herzegovina and promotes using biomass as a renewable source of energy.

This project represents the first biomass project to use internally generated wood waste and to be financed under the Western Balkans Sustainable Energy Direct Financing Facility. The funding will allow the company to install a biomass cogeneration energy plant to utilize its wood waste. The EBRD is considering a follow up investment to Natron Hayat, the only local pulp and paper mill in Bosnia and Herzegovina based in the town of Maglaj.

Natron wood products