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    Reference: 20090641
    Release date: 1 October 2010

    Promoter – Financial Intermediary

    China HaoHua Chemicals Group Corporation (CHC)

    Location

    Description

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

    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Indicative amount of EUR 70 million.

    Total cost (Approximate amount)

    Indicative amount of EUR 105 million.

    Environmental aspects

    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.

    Procurement

    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.

    Status

    Under appraisal - 1/10/2010

    Disclaimer

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

    Related tags

    China Industry