Ping An Bank agrees Rmb2.3bn green loan for Shaanxi Coal Group Yulin Chemical
The coal firm is converting organic and inorganic sulfur into usable sulfur and repurposing slag, which is a byproduct of turning coal into a fuel gas, for building materials. China's transition financing gap is vast.
Ping An Bank has provided a Rmb2.3 billion ($322 million) loan to support Shaanxi Coal Group Yulin Chemical’s (Yulin Chemical) efforts to clean up its act.
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