PROJECT

Projects

Environmental Review Summary

Project Number

24066

Company Name

CONTINENTAL CARBON INDIA LIMITED

Date ERS Disclosed

Mar 16, 2006

Country

India

Region

South Asia

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jun 21, 2006
Signed : Jun 22, 2006
Invested : Jul 25, 2006

Sector

Carbon Black

Industry

other

Department

Gbl Ind, Manufact, Agribus & Services

Project Description

Continental Carbon India Ltd (CCIL) is a carbon black manufacturing company with the capacity to produce 65,000 tons per annum (tpa) of carbon black and generate up to 4.4 MW of power from its co-generation (co-gen) facility, located in Ghaziabad, Uttar Pradesh, India.

The project is comprised of three main components:


- the upgrading and expansion of its power co-generation facility from 4.4 MW to about 15 MW of power;
- further de-bottlenecking and modernization of the plant, particularly through replacement of inefficient bag collectors, blowers, and a tread reactor; and
- the restructuring of outstanding IFC A and B loans in the amount of $6.0 million and $5.75 million, respectively.

The project is expected to yield significant efficiency and environmental improvements in addition to incremental revenue from sales of power and steam.

Environmental and Social

Conclusion & Monitoring