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4 Green and Low-Carbon Projects Applied by Bank of Jiangsu Were Approved with China CDM Fund Concessional Loan

2021-03-31

On March 15, 2021, China Clean Development Mechanism Fund Management Center (hereinafter referred to as “the CDM FUND”) approved the grant of CDM concessional loans to 4 projects, including Purchase of 150 New Energy Bus Project of Nanjing Dongshan Bus Passenger Transport Co., Ltd., Annual Production of 10GW High-Efficient Photovoltaic Cell Module Project of Suqian Canadian Solar Energy Technology Co., Ltd., Annual Production of 90,000 Tons of Plant Acidified Oil, 60,000 Tons of Industrial-Grade High-Quality Oleic Acid, Stearic acid and Fatty acid oil, and 30,000 tons of High-Purity Oleic Acid, Linoleic Acid and Palmitic Acid Project Phase II of Jiangsu Runrui Biotechnology Co., Ltd., and Annual Production of 1.8GW High-Efficient Crystalline Silicon Batteries and 2.2GW High-Efficient Crystalline Silicon Module Project of Yancheng Zhengtai New Energy Technology Co., Ltd.

All the above projects were applied and guaranteed by financing guarantee on demand by Bank of Jiangsu. The 4 projects were totally approved with loans of RMB 204.2 million and estimated to leverage social capital of RMB 2,306 million.

Purchase of 150 New Energy Bus Project of Nanjing Dongshan Bus Passenger Transport Co., Ltd.

The project was approved with a loan of RMB 48.2 million and is favored at an interest rate 58.75 points reduced on the basis of the LPR (Loan Prime Rate) on the contract-signing date in a 5-year term.

The project is mainly about purchasing 150 new energy buses to replacy old vehicles, so as to reduce exhaust emissions and further achieve greenhouse gas emission.

ⅡAnnual Production of 10GW High-Efficient Photovoltaic Cell Module Project of Suqian Canadian Solar Energy Technology Co., Ltd.

The project was approved with a loan of RMB 67 million and is favored at an interest rate 35 points reduced on the basis of the LPR (Loan Prime Rate) on the contract-signing date in a 3-year term.

The project mainly aims to purchase 681 units (sets) of related production equipment in total. After the project is completed, it can form a scale with an annual production of 10GW of high-efficient photovoltaic modules.

Through the production and manufacture of solar power generation equipment, the project is of great significance to improving the energy mix and ecological environment.

ⅢAnnual Production of 90,000 Tons of Plant Acidified Oil, 60,000 Tons of Industrial-Grade High-Quality Oleic Acid, Stearic acid and Fatty acid oil, and 30,000 tons of High-Purity Oleic Acid, Linoleic Acid and Palmitic Acid Project Phase II of Jiangsu Runrui Biotechnology Co., Ltd.

The project was approved with a loan of RMB 20 million and is favored at an interest rate 35 points reduced on the basis of the LPR (Loan Prime Rate) on the contract-signing date in a 3-year term.

The main construction content of the project includes: purchase of relevant mechanical equipment, and construction of civil engineering and supporting facilities. When the project is completed, it can annually produce 90,000 tons of plant acidified oil, 60,000 tons of industrial-grade high-quality oleic acid, stearic acid, and fatty acid oil, and 30,000 tons of high-purity oleic acid, linoleic acid and palmitic acid.

The project uses waste biological oils such as soapstock/ oil sediment from edible oil plants to produce environmentally-friendly products such as high-quality acidified oil, which is an excellent substitute for petrochemical products. The invention patented technology adopted in the project "a method for producing acidified oil by pressurization reaction of soapstock or/and oil sediment" not only enables high product yield, low acid consumption, and low production energy consumption, but also treat sewage and exhaust gas in a centralized manner so as to meet emission standards.

ⅣAnnual Production of 1.8GW High-Efficient Crystalline Silicon Batteries and 2.2GW High-Efficient Crystalline Silicon Module Project of Yancheng Zhengtai New Energy Technology Co., Ltd.

The project was approved with a loan of RMB 69 million and is favored at an interest rate 35 points reduced on the basis of the LPR (Loan Prime Rate) on the contract-signing date in a 3-year term.

The main construction under the project includes: construction of a highly automated 1.8GW high-efficient crystalline silicon cell production line and a 2.2GW high-efficient crystalline silicon module production line.

Through the production and manufacture of solar power generation equipment, this project is of great significance to improving the energy mix and ecological environment.

  


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