Xizang Langxian Gaozheng Building Materials Receives 16 Million yuan Transformation Financial Loan

Recently, under the guidance of the Nyingchi City Branch of the People's Bank of China, the Linzhi Branch of the Construction Bank has granted more than 16 million yuan of Pre-project loans to Langxian Gaozheng Building Materials Co., Ltd. of the Xizang to support the Pre-project construction of its 4000 t/d cement clinker production line relocation project. This marks the first time that Nyingchi City financial institutions have transformed their financial business. The Nyingchi City Branch of the People's

Bank of China guides financial institutions to conduct special due diligence on transformation in strict accordance with the Catalogue of Financial Support for Economic Activities in Transition (Building Materials Industry) (Trial Draft), and scientifically identifies the transformation attributes of projects. According to the introduction, the project is a capacity replacement relocation project, which is constructed according to the industry benchmark level. It integrates the application of oxygen-enriched combustion, SCR deep denitrification, 6MW pure low-temperature waste heat power generation and the whole process intelligent system, which meets the requirements of the relevant standards of the cement industry in the catalogue. The design energy efficiency reaches the industry benchmark level, and the pollutant emission is constructed according to the ultra-low emission standard.

In view of the difficulty of financing and weak guarantee in the early stage of the transformation project, the Nyingchi City Branch of the People's Bank of China guided financial institutions to abandon the "mortgage-only theory" and approved a three-year Pre-project loan of 300 million yuan for enterprises, which was put into operation by credit. Before the loan, the compliance requirements such as project filing, land use and environmental assessment should be checked comprehensively, the closed-loop control of the use of funds should be strictly implemented during the loan, the progress of project construction, the landing of environmental protection facilities and the control of carbon emissions should be tracked regularly after the loan, and the effectiveness of transformation should be monitored regularly, so as to strengthen the dual defense line of credit security and environmental benefits.

It is reported that after the completion of the project, the annual output of cement clinker will be 1.2 million tons and the annual output of cement will be more than 1.4 million tons. The supporting waste heat power generation system will recover the production waste heat to achieve energy self-sufficiency, effectively reduce fossil energy consumption, and promote the transformation of the cement industry in the jurisdiction from traditional high-carbon production to green low-carbon manufacturing. The moderate to low fever cement produced by the project is suitable for the construction needs of major hydropower projects on the plateau, which will effectively guarantee the supply of key infrastructure building materials and accumulate replicable and popularizable practical experience for the transformation of financial services in high-carbon industries.