FIRST YUAN BOND PROMOTES CLEAN CHINESE PETROCHEMICAL PRODUCTION
February 1st, 2011
BY KEITH NUTHALL
CARBON emissions reductions in China petrochemical production will be funded by the first Chinese Yuan Renminbi CNY-denominated bond launched in Hong Kong by the World Bank's International Finance Corporation. The bond raised CNY150 million (US dollars USD23 million) helping expand of Beijing Shenwu Thermal Energy Technology Company, which makes furnaces lowering energy use and emissions for petrochemical producers.
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CARBON emissions reductions in China petrochemical production will be funded by the first Chinese Yuan Renminbi CNY-denominated bond launched in Hong Kong by the World Bank's International Finance Corporation. The bond raised CNY150 million (US dollars USD23 million) helping expand of Beijing Shenwu Thermal Energy Technology Company, which makes furnaces lowering energy use and emissions for petrochemical producers.
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