Summary of Proposed Investment
Project Number
520265
Company Name
INTERNATIONAL FINANCE CORPORATION
Date SPI Disclosed
Nov 24, 2003
Country
World Region
Industry
Infrastructure
Projected Board Date
Dec 15, 2003
Status
Completed
Sector
Other (For Non-Investment Projects)
Department
Advisory Services
Environmental Category
B - Limited
Project Description
- Conox Ltd. has developed a new and innovative proprietary technology to process black liquor from the straw pulp manufacturing process. This novel technology is expected to eliminate the straw pulp''s largest source of pollution and has the potential to address the largest source of water pollution in China.
The success of the technology developed by Conox will have an important developmental impact in China as well as in many other developing countries where wood resources are scarce and where non-wood resources are available for pulp production:
- It will reduce pollution from the pulp and paper industry;
- reduce rural poverty (as straw pulp mills or other renewable material based mills are located in rural areas);
- strengthen small and medium-scale businesses (as straw pulp mills are typically small); and
- create new jobs in new mills or preserve existing ones by avoiding closure of existing straw pulp mills.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
- Mr. Lauri Prepula, Managing Director
Conox Ltd.
Kaanaankatu 3 A
FIN-00560
Helsinki, Finland
Tel.: 358-(0)9-8683-6491
email: lauri.prepula@conox.com