The country's first "plastic waste resources recycling linkage" loan landed in Shaanxi

Recently, Industrial Bank Xi'an Branch successfully issued a loan to an environmental protection technology company for the company's waste plastic recycling project in the company's industrial park. This is also the first "plastic waste resource recycling linkage" loan in the country.

The reporter learned that the loan contract amount of 60 million yuan, the term of 7 years, the project strictly follows the "circular economy promotion law" proposed by the principle of "reduction, reuse, recycling", and is committed to building a closed cycle industrial chain from "resources-products-renewable resources".

It is estimated that every 1 ton of waste plastic recycled is equivalent to reducing carbon emissions by 1.5 tons to 2.2 tons. The project has an annual processing capacity of up to 150,000 tons of waste plastics, which means that carbon emissions can be reduced by 225,000 tons to 330,000 tons per year, which will inject strong impetus into the realization of carbon peak and carbon neutrality goals.

In addition to helping the enterprise build an industrial chain, IB Xi'an Branch also agreed with the company that the loan interest rate will be lowered in accordance with the relevant agreement when the project reaches the preset annual waste plastic processing capacity standard during operation. This move not only encourages enterprises to continuously improve the efficiency of resource recycling and utilization, and realizes the dual improvement of economic and environmental benefits, but also reflects IB's ability to deeply customize green credit products through a flexible interest rate mechanism.

The relevant person in charge of Xi'an Branch of Industrial Bank said that the bank will continue to implement the spirit of the Central Financial Work Conference, give full play to its professional advantages in the field of green and dual-carbon transformation, increase the allocation of green credit, strengthen the innovation of green financial models, and further support the innovation and breakthrough of environment-friendly, green and low-carbon technologies.