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Summary of Project Information (SPI) |
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| Project number | 5087 |
| Project name | Crescent Industrial Chemicals Limited |
| Country | Pakistan |
| Sector | Chemicals |
| Department | Global Manufacturing & Services |
| Company name | Crescent Industrial Chemicals Limited |
| Environmental category | B |
| Date disclosed | February 14, 1996 |
| Status | Completed |
| Previous Events | Signed: May 20, 1996
Approved: March 29, 1996 |
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Summary Of Project Information (SPI)
| Project Name | Pakistan-Crescent Industrial Chemicals Limited |
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| Region | Central Asia |
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Project No005087
Projected Board DateMarch 14, 1996
Company NameCrescent Industrial Chemicals Limited
Technical Partner and/or Major Shareholders
The Crescent Group of Pakistan, Monsanto of USA and ITOCHU of Japan.
Project Cost Including proposed IFC investment
US$106.4 million. IFC’s investment would be about US$20 million.
Location of project and Description of site
About 60 miles from the City of Karachi, on an open site, with no villages or towns in the immediate vicinity.
Description of Company and Purpose of Project
The project involves the construction and operation of the first acrylic fiber plant in Pakistan, with a capacity of 30,000 tons per annum.
Environmental Category and Issues
This is an environmental review Category B project; principal issues involve air emissions, liquid effluents, spill prevention, solid and liquid wastes, fire prevention and emergency response, and employee protection from noise, dust and hazardous substances. The sponsor has presented plans to address these issues and demonstrate the proposed project will comply with applicable governmental and World Bank requirements; key actions include the installation of solvent recovery and wastewater treatment facilities, and provisions for employee training, including fire and spill prevention, emergency response, and use of personal protective equipment.
The is February 28, 1996 from the Public Information Center.
| Date SPI sent to PIC | February 14, 1996 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365 |
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| Environmental documents for this project are available at http://www.ifc.org/projects and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). |
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