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GEK TERNA Real Estate Construction SA: Strategic partnership between TERNA ENERGY and TITAN Cement Group to invest in waste treatment

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Press release

September 23, 2021

Strategic partnership between TITAN Cement Group and TERNA ENERGY

invest in waste treatment

TITAN Cement Group and TERNA Energy, as a joint venture, will participate in the public tender process for PPPs of mechanical and biological waste treatment (MBT) plants in Attica and Central Macedonia.

September 22sd, the joint venture has submitted letters of interest to participate in the first phase of the tender process for the MBTs of the Central Circular Economy Park of Attica and the Circular Economy Park of Attica. Piraeus, as well as the MBT of the western sector of the region of Central Macedonia.

The combined expertise and know-how of TERNA ENERGY and TITAN guarantee – if the joint venture is selected – the optimal financial and environmental performance of the MBT factories and the maximization of energy and material recovery.

Operation of MBT plants can maximize recycling, minimize landfill and ensure the availability of high quality alternative fuels. The use of alternative fuels in the production of cement contributes to the conservation of natural resources, to the reduction of CO emissions2 and the long-term competitiveness of the domestic cement industry.

TERNA ENERGY has already completed and successfully operates waste treatment facilities in the Macedonia and Epirus region, while the company is currently implementing the largest waste management PPP project in Greece, in the Peloponnese region . TERNA ENERGY is a leader in the production and storage of clean energy, as well as in environmental and circular economy projects, investing in these areas for more than 25 years, as part of its business strategy for sustainability and sustainable development. The company’s activities contribute to the transition to a low-carbon future and to the protection of the environment with clear benefits for society.

TITAN Group’s intention to invest in PPPs is fully aligned with its sustainable development ambitions and commitment to actively participate in Greece’s circular economy and supports the national plan to provide a solution to the critical environmental problem of municipal solid waste (MSW). Through its actions, TITAN aspires to be an innovator in environmental management. The Group applies the best available techniques over time and continuously invests in new technologies guaranteeing excellent environmental performance. Decarbonization, waste minimization and responsible sourcing are integral parts of TITAN’s environmental, social and governance (ESG) goals for 2025 and beyond.

About TITAN Cement Group

TITAN Cement Group, is a multi-regional producer of cement and building materials. Business activities cover the production, transportation and distribution of cement, concrete, aggregates, fly ash, mortars and other construction materials. The Group employs around 5,400 people and is present in more than 15 countries, operating cement plants in 10 of them, in the United States, Greece, Albania, Bulgaria, North Macedonia, Kosovo, Serbia , Egypt, Turkey and Brazil. Throughout its history, the Group has aspired to serve the needs of society, while contributing to sustainable growth with responsibility and integrity.

Titan Cement International SA, is the parent company of TITAN Cement Group. For more information, visit the Group’s website www.titan-cement.com.

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About TERNA ENERGY

TERNA ENERGY is a major player in the renewable energy market in Greece, Central and Eastern Europe and the United States, developing wind farms, solar power units, hydroelectric and pumped storage projects, as well as systems hybrids for the production and storage of clean energy and Energy recovery and biomass projects. TERNA ENERGY is implementing a vast investment program aimed at reaching 3,000 MW of total installed capacity over the next five years.

For more information, visit the TERNA ENERGY website at www.terna-energy.com.

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