According to ADB website, the ADB is helping People’s Republic of China cut toxic emissions and power consumption at plants of the China National Chemical Corporation—the country’s largest producer of energy-intensive plastics products. The project is funding the testing of a mercury-free catalyst for PVC production at one plant and an energy efficiency system at another, which will cut power use and greenhouse gas emissions.
The proposed Chemical Industry Energy Efficiency and Emission Reduction Project will support demonstration of innovative technologies to improve energy efficiency and reduce emissions of pollutants from various plants belonging to the China National Chemical Corporation Group (ChemChina). It will also develop an innovative financing structure to leverage commercial cofinancing and mainstream energy service company (ESCO) participation from the beginning of project implementation. The innovative financing structure will be developed and firmed up during the early stage of the project preparatory technical assistance (PPTA) implementation.
ADB Loan 3308-PRC from the Ordinary Capital Resources amounting to US$ 100.00 million. Another loan from a Commercial - Local Bank amounting to US$ 81.73 million.
Project Officer: Liu, Xinjian
East Asia Department
No contact information provided at the time of disclosure
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