Dongmeng Cement received the first financial loan for the transformation of the cement industry in Inner Mongolia

Cement industry is a traditional key industry with high energy consumption and high carbon emission. With the further promotion of the national "double carbon" goal, the demand for energy saving, emission reduction, transformation and upgrading of the industry is becoming more and more urgent. The Inner Mongolia Autonomous Region Branch of the People's Bank of China has strengthened the linkage between the upper and lower levels and the coordination of departments to further promote the trial of financial standards for the transformation of the building materials industry. Recently, the Tongliao Branch of the People's Bank of China instructed the Tongliao Branch of the Mongolian Commercial Bank to grant 167 million yuan of financial loans for the transformation of Inner Mongolia Dongmeng Cement Co., Ltd., marking the first financial loan for the transformation of the cement industry in Tongliao. Tongliao Branch

of Mengshang Bank closely followed the transformation needs of enterprises, efficiently completed the credit approval process, provided 167 million yuan of transformation financial loans for enterprises, and gave 50 BP interest rate concessions to fully support the construction of ultra-low emission transformation projects of 4500t/d and 4800t/d cement production lines. The enterprise focused on the implementation of key projects such as low-nitrogen staged combustion transformation at the end of cement kiln, biomass fuel substitution, and energy-saving transformation and upgrading of motors. It meets the relevant requirements of "Energy-saving Technology of Hoist for Cement Industry" and " Carbon Reduction Technology of Clinker Burning Fossil Energy Substitution" in the Catalogue of Economic Activities Supported by Transition Finance (Building Materials Industry). After the completion of the project, it is estimated that the carbon emission of clinker in 2026 will be reduced to 0.78 tons of carbon dioxide/ton, which is 5.91% lower than that in 2024; the carbon emission in 2030 will be 16.7% lower than that in 2024.

Next, the Inner Mongolia Branch of the People's Bank of China will base itself on the industrial characteristics of the whole region, strengthen policy guidance and service innovation, guide financial institutions to carry out in-depth financial exploration and practice of transformation, and help low-carbon transformation of high-carbon industries.