EPCL has partnered with IFC to increase hydrogen peroxide availability to boost Polyvinyl Chloride (PVC) and base chemicals sector.
Read more at: pressroom.ifc.org/all/pages/Pres
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IFC's long-term investment will contribute approximately $57 million to the nation's economy through efficient linkages to the local supply chain and an additional $28 million through induced effects.
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IFC's funding will enable EPCL to reduce the usage of imported ethylene in the raw material mix for PVC production. While reducing PVC manufacturing costs, it will help the company enter the hydrogen peroxide market with a capacity of 28,000 metric tons.
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The climate change mitigation project is also expected to reduce GHG emissions of around 23,074 tons of CO2-equivalent annually and 3,540,000 m3 of natural gas use annually.
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