Promoting and Scaling Up Carbon Capture and Storage Demonstration (ADB-48453-001)

Countries
  • China
Geographic location where the impacts of the investment may be experienced.
Specific Location
Nation-wide, Shaanxi
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 17, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of People's Republic of China
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Project Cost (USD)
$ 5.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 20, 2020

Disclosed by Bank Oct 23, 2017

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The TA cluster will initially focus on capacity development support to the National and Local Joint Engineering Research Center for CCUS (NLJERC-CCUS) at Northwest University; and the feasibility assessment of a large-scale CCUS demonstration project at a plant of Yanchang Petroleum Group (YPG), which is identified in the road map and by NDRC as a priority demonstration project and is currently under development. Subsequently, the TA cluster will provide further support to future CCUS demonstration projects in the coal-fired power subsector and coal-chemical industry. The TA cluster modality is adopted to allow the inclusion of additional large-scale demonstration projects, beyond the initial Yanchang CCUS Project (YCCUSP), and to prepare a program of interrelated projects, in line with the 2016-2030 action plan for energy technology revolutionary innovations. The TA is well aligned with ADB's Strategy 2020 and its development agenda of achieving environmentally sustainable growth. ADB's country operations business plan, 2017-2019 named managing climate change and environmentally sustainable growth as strategic priorities of ADB assistance to the PRC.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Funded by Carbon Capture and Storage Fund under the Clean Energy Financing Partnership Facility


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

National Development and Reform Commission
No. 38 South Yuetan St.
Beijing 100824
China

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main

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How it works