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Project number 8213
Project name Suzhou Huasu Plastics Company, Ltd.
Country China
Sector Chemicals
Department Oil, Gas and Petrochemicals
Company name Suzhou PVC
Environmental category B
Date disclosed March 10, 1997
Status Active
Previous Events Invested: March 11, 1998
Signed: January 8, 1998
Approved: April 15, 1997
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Description
Summary Of Project Information (SPI)
Project Name
China-Suzhou PVC Project
Region
Asia
SectorProject No008213
Projected Board DateApril 22, 1997
Company NameSuzhou Huasu Plastics Co., Ltd.
Technical Partner and/or Major Shareholders
Westlake International Investments Corp. (BVI): 43% Norsk Hydro
a.s. (Norway): 32% China Jiangsu Chemical Pesticide Group Co.
(China): 14% China Taicang Petrochemical Co. (China): 3%
Project Cost Including proposed IFC investment
The estimated cost of the Revised Project is about US$90 million.
Location of project and Description of site
Taicang Economic Development Area in Suzhou City (Jiangsu Province),
about 40 km northwest of Shanghai
Description of Company and Purpose of Project
In February 1995, IFC's Board approved financing for the Project
in its initial scope which was to construct and operate a 60,000
metric tons per year (tpy) polyvinyl chloride (PVC) resin plant
and a 24,000 tpy PVC film calendering facility. Since then, the
project scope has been modified to provide a larger PVC resin
capacity in view of an expanding market. In its revised scope,
the Revised Project is to construct and operate a 100,000 tpy
PVC resin plant and a 24,000 tpy PVC film calendering facility.
The calendering facility has been operational since 1995, while
the PVC resin plant is expected to be completed in 1999. The plants
will use technology owned and developed by the Westlake Group
of the U.S.. PVC is a major thermoplastic with wide applications
in industrial and consumer products such as pipes, fittings, wire
cables and bottles.
Environmental Category and Issues
This is a category B project according to IFC's environmental
review procedures. The following potential environmental, health
and safety impacts of this project were analyzed: site location
and infrastructure, air emissions, liquid effluent management,
solid waste, environmental and safety standards applied, and emergency
prevention and response. The plant design is based on U.S. engineering
specifications for environment and safety and the project is designed
to comply with local regulations and World Bank guidelines. The
Environmental Protection Bureau of Suzhou City has approved the
Environmental Impact Assessment Reports submitted by the Company.
The is from the Public Information Center.
Date SPI sent to PIC
March 10, 1997
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
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Environmental documents for this project are available at http://www.ifc.org/projects
and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
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