OREANDA-NEWS  On 06 November was announced, that European Bank for Reconstruction and Development (EBRD), which is the biggest investment international bank operating in countries of Central and Eastern Europe and also in CIS states and which one of main activities is financing investment projects matching international technical, process and environmental requirements, is considering possibilities of Loan granting to JSC "Concern Stirol" for implementation of big project in the framework of Concern’s strategy, aimed at energy and resources efficiency. Project has already passed strict international due diligence with respect of its correspondence to principles and procedures of EBRD.

Project involves implementation of large-scale operations, related to increase of energy efficiency of the Company, including Energy and Operational Efficiency Management System, and also modernization of two urea plants with the aim of improving of their cost and operational efficiency. This Project also will have considerable environmental impact. Its implementation will allo w also reduction of N2O gas emission, and in terms of carbon dioxide this will constitute 1,9 mln. t before 2012.

According to EBRD, this Project will have a strong demonstration effect in the Ukraine, especially for its energy-intensive sectors of the economy, having some problems with environmental protection.

"Stirol", which put into effect breakthrough project in the sphere of water treatment, could become also the same leader in Europe in field of air protection from hazardous emissions.