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        CCCFL – Haohua Chemicals EE&ER

        Summary sheet

        Release date
        1 October 2010
        Status
        Reference
        Under appraisal | 01/10/2010
        20090641
        Project name
        Promoter - financial intermediary
        CCCFL – Haohua Chemicals EE&ER

        China HaoHua Chemicals Group Corporation (CHC)

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Indicative amount of EUR 70 million.
        Indicative amount of EUR 105 million.
        Location
        Sector(s)
        Description
        Objectives

        The project would be a program of emission reduction and energy efficiency investments in two chemical plants of the Haohua chemical group.

        The project will contribute to Climate change mitigation through the efficient use of energy, the development of renewable energy, and the associated avoidance or reduction of green house gas emissions.

        Environmental aspects
        Procurement

        Both investments included in the project have been subject to a full EIA process, including public consultation, in line with relevant PRC legislation and EU Directive 97/11 and received a construction permit from the environmental authorities. Both investments are located in already developed industrial sites and will allow for an improvement of the environmental performance of the sites, in particular by reducing CO2 emissions but also reducing SO2, NOx and particulate (dust) emissions.

        The Bank will require the promoter to ensure that implementation of the project will be done in compliance with the Bank’s Guide to Procurement.

        Other links
        Related publications
        Environmental Impact Statement (EIS) - - EN
        Related publications
        Environmental Impact Assessement (EIA) - - EN

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

        Related publications