1. LINE

      Text:AAAPrint
      Economy

      ADB offers 100 mln loan to support China's emission reduction projects

      1
      2015-11-05 08:51Xinhua Editor: Gu Liping

      The Asian Development Bank (ADB) has agreed to grant a 100-million-U.S.-dollars loan to China to support the country's efforts to reduce energy consumption, phase out mercury use and cut greenhouse gas and toxic emissions in its chemical industry.

      China remains the largest producer worldwide of PolyVinyl Chloride, a kind of popular synthetic plastic polymer known as PVC, according to the ADB.

      More than 80 percent of its PVC industry uses a coal-based process that is highly energy-intensive and also relies heavily on mercury as the catalyst, the ADB said in its latest news release published on Monday.

      As a result, the country's PVC industry "accounts for nearly 50 percent of global use of the element" and China still engages in mercury mining to meet demand, according to the ADB.

      "The (Chinese) government puts a high priority in reducing the threat to the environment and public health posed by the use of toxic substances, including mercury and coal in the chemical industry," the ADB said, citing Annika Seiler, a finance specialist for energy.

      "To date, however, technical limitations and a lack of financing have held back large scale adoption of processes that could lead to new, cleaner, and more energy-efficient production methods," the specialist said.

      "The goal of the ADB's assistance is to overcome current barriers and demonstrate the viability of these technologies on a commercial scale," Seiler stressed.

      The funds will be distributed by China Construction Bank to industrial plants belonging to the China National Chemical (Group) Corporation, the country's largest producer of chemical products. The Group will use them to demonstrate state-of-the-art energy efficiency and emission reduction projects.

      The two initial sub-projects of the group, with one at Dezhou Shihua Chemical Plant in Shandong Province and the other at a fluoropolymer facility in Zigong City in Sichuan Province, have been selected to pave the way for solving specific, major transboundary environmental issues facing China's chemical industry.

      The first sub-project loan will be a trial for large-scale use of a successfully tested mercury-free catalyst in the production of PVC in Shangdong Province, with an expectation of eliminating the use of 35 tons of mercury per year by 2019. It will also allow China to end mercury mining in the country.

      The second sub-project will finance comprehensive energy efficiency and management measures, aiming to reduce energy consumption by more than 10,000 tons of coal equivalent a year.

      By taking combined measures, it is expected to cut the equivalent of annual carbon dioxide emissions of two gigawatt-scale coal-firing power plants.

      In addition, the ADB's support is complemented by cofinancing of more than 81 million U.S. dollars from China Construction Bank. Counterpart support of more than 63 million U.S. dollars in the form of equity contributions is provided by the borrowing companies of the Group. The project will run for about five years with expected completion in February 2021.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 男人的天堂网免费网站| a级毛片毛片免费观看永久| 深夜A级毛片视频免费| 日本精品久久久久久久久免费| 国产精品免费在线播放| 日本高清高色视频免费| 无码av免费毛片一区二区| 噜噜嘿在线视频免费观看| 亚洲国产精品第一区二区三区| 亚洲精品无码乱码成人| 亚洲精品成人图区| 亚洲爆乳无码专区www| 久久亚洲国产精品一区二区| 亚洲av成人一区二区三区在线观看| 欧美三级在线电影免费| 青青草a免费线观a| 免费国产美女爽到喷出水来视频| 中文字幕人成人乱码亚洲电影| 亚洲一区二区在线免费观看| 亚洲日韩国产AV无码无码精品 | 亚洲欧洲日产国码av系列天堂 | 中文亚洲AV片不卡在线观看| 亚洲精品在线免费看| 亚洲日韩在线中文字幕综合| 免费无码作爱视频| 中文字幕无码不卡免费视频| 91黑丝国产线观看免费| 免费**毛片在线播放直播| 久久精品国产亚洲av四虎| 亚洲乱码av中文一区二区| a级毛片高清免费视频就| 四虎免费大片aⅴ入口| 久久夜色精品国产嚕嚕亚洲av| 国产精品亚洲二区在线观看| 亚洲国产精品成人综合色在线婷婷| 国产一区二区三区亚洲综合| 在线观看免费av网站| www视频免费看| 亚洲男人天堂2020| 亚洲香蕉久久一区二区三区四区| 中文有码亚洲制服av片|