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

Countries
  • China
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
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 17, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of People's Republic of China
The holder of the loan, grant, or other investment.
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, etc.
Project Cost (USD)
$ 5.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 20, 2017

Disclosed by Bank Oct 23, 2017


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Project 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
  • Asian Development Bank (ADB)
Funded by Carbon Capture and Storage Fund under the Clean Energy Financing Partnership Facility
Contact Information
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