A steel dust recycling company in Turkey is receiving $20 million (£13.2m) to double the capacity of its plant.
The European Bank for Reconstruction and Development (EBRD) is providing the money to boost industrial waste recycling in the country.
The Befesa Silvermet Iskenderum plant transforms electric arc furnace into zinc.
The EBRD’s financing supports a solution for recycling zinc from steel dust instead of producing it from natural resources.
It also helps reduce the amount of hazardous waste sent to landfill.
Turkey is the eighth-largest steel producer in the world and the fifth-largest producer of electric arc furnace dust, according to the EBRD.
Frederic Lucenet, EBRD Director for Manufacturing and Services, said: “The Iskenderun plant has the potential to become a showcase for exporting the company’s recycling model to other steel-making countries where the EBRD invests.”