I n a circular dated September 5, 1997, the Reserve Bank of India has informed all commercial banks that they should not extend finance for setting up of new units consuming/ producing Ozone Depleting Substances (ODS).
The circular says that the Government of India has advised that as per the Montreal Protocol, to which India is a party, ODS are required to be phased out as per the schedule prescribed therein. The list of chemicals are given in Annexure A and B to the Montreal Protocol. The Protocol has identified the main ODS and set time limits on phasing out their production/consumption in future, leading to a complete phase out eventually. Projects for phasing out ODS in India are eligible for grants from the Multilateral Fund. The sectors covered in the phase out programme are given below :
Keeping in view the above obligations, it has been decided that the banks should not extend finance for setting up of new units consuming/ producing above ODS. In this connection, a circular dated February 16, 1996 has been issued by the Industrial Development Bank of India to banks advising that no financial assistance should be extended to small/medium scale units engaged in the manufacture of the aerosol units using CFC and that no refinance would be extended to any project assisted in this sector.
--------------------------------------------------------------------------------------------------------------
Sector Type of Substance
--------------------------------------------------------------------------------------------------------------
1. Foam products (CFC - 11) Chlorofluorocarbon - 11
2. Refrigerators and airconditioners CFC-12
3. Aerosol products Mixtures of CFC-11 and CFC-12
4. Solvents in cleaning applications CFC-113, Carbon tetrachloride,
Methyl chloroform
5. Fire extinguishers Halons-1211, 1301, 2402
--------------------------------------------------------------------------------------------------------------
Annexure - A
Controlled Substances
--------------------------------------------------------------------------------------------------------------
Group Substance Ozone Depleting Potential *
--------------------------------------------------------------------------------------------------------------
Group I
CFCl3 (CFC-11) 1.0
CF2Cl2 (CFC-12) 1.0
C2F3Cl3 (CFC-113) 0.8
C2F4Cl2 (CFC-114) 1.0
Cl (CFC-115) 0.6
Group II
CF2BrCl (Halon-1211) 3.0
CF3Br (Halon-1301) 10.0
C2F4Br2 (Halon-2402) 6.0
--------------------------------------------------------------------------------------------------------------
* These ozone depleting potentials are estimates based on
existing knowledge and will be reviewed and revised
periodically.
Annexure - B
Controlled Substances
--------------------------------------------------------------------------------------------------------------
Group Substance Ozone Depleting Potentials
--------------------------------------------------------------------------------------------------------------
Group I
CF3Cl (CFC-13) 1.0
C2FCl5 (CFC-111) 1.0
C2F2Cl4 (CFC-112) 1.0
C3FCl7 (CFC-211) 1.0
C3F2Cl6 (CFC-212) 1.0
C3F3Cl5 (CFC-213) 1.0
C3F4Cl4 (CFC-214) 1.0
C3F5Cl3 (CFC-215) 1.0
C3F6Cl2 (CFC-216) 1.0
C3F7Cl (CFC-217) 1.0
Group II
CCl4 Carbon tetrachloride 1.1
Group III
C2H3Cl3 * 1,1,1-trichloroethane
(methyl chloroform) 0.1
--------------------------------------------------------------------------------------------------------------
* This formula does not refer to 1,1,2-trichloroethane
List Of Projects And Activities Approved For Funding
At 23rd Meeting of the Executive Committee held in November 1997
--------------------------------------------------------------------------------------------------------------------------
Project Title Agency DP Tonnes Funds Recommended (US $) Cost effectivenes
(US$/Kg)
------------------------------------
Project Support Total
--------------------------------------------------------------------------------------------------------------------------
INDIA
FOAM
Elimination of CFCs in the UNDP 9.7 48,000 6,240 54,240 4.96
manufacture of rigid polyurethane
foam insulation products at Panna
International
Elimination of CFCs in the UNDP 11.8 84,000 10,920 94,920 7.13
manufacture of rigid polyurethane
foam insulation products at Viral
Corporation
Elimination of CFCs in the UNDP 17.7 128,000 16,640 144,640 7.22
manufacture of rigid polyurethane
foam insulation products at Ras
Polybuild Products Pvt Ltd
Elimination of CFCs in the UNDP 17.6 128,000 16,640 144,640 7.29
manufacture of rigid polyurethane
foam insulated thermoware at Alaska
Industries
Elimination of CFCs in the UNDP 10.1 76,000 9,880 85,880 7.51
manufacture of rigid polyurethane
foam insulated thermoware at Bluplast
Corporation
Elimination of CFCs in the UNDP 8.7 63,000 8,190 71,190 7.83
manufacture of rigid polyurethane
foam insulation products at Reliable
Rotomoulders Pvt Ltd
Elimination of CFCs in the UNDP 18.9 148,000 19,240 167,240 7.83
manufacture of rigid polyurethane
foam insulation products at Malanpur
Entech Pvt Ltd
Elimination of CFCs in the UNDP 15.4 111,000 14,430 125,430 7.83
manufacture of rigid PUF
insulated thermoware at Nissan
Thermoware Pvt Ltd
INTEGRAL SKIN
Elimination of CFCs in the UNDP 30.0 127,550 16,582 144,132 4.25
manufacture of flexible
cold-cured moulded PU foam at
KJ Polymers Pvt Ltd
Elimination of CFCs in the UNDP 21.0 137,250 17,843 155,093 6.53
manufacture of flexible moulded
cold-cured and integral skin PU
foam at Venus Auto Pvt Ltd
Elimination of CFCs in the UNDP 7.5 75,250 9,783 85,033 10.03
manufacture of flexible
cold-cured moulded PU foam at
Siddhi Polymer Pvt Ltd
Phase-out of CFCs in the UNDP 19.2 192,875 25,074 217,949 10.07
manufacture of cold moulded and
integral skin at Shri Krishna
Polyurethane Industries Pvt Ltd
Phase-out of CFCs in the UNDP 9.0 124,000 16,120 140,120 13.73
manufacture of integral skin
PUF products at Legend Interiors
REFRIGERATION
Commerical
Elimination of CFCs in the IBRD 19.8 135,798 17,654 153,452 6.86
manufacture of commerical
refrigeration equipment at
Aarkay Industries
Elimination of CFCs in the IBRD 14.8 125,618 16,330 141,948 8.49
manufacture of commercial
refrigeration equipment at
Saikrupa Industries
Elimination of CFCs in the IBRD 12.0 117,100 15,223 132,323 9.76
manufacture of commercial
refrigeration equipment at
Sarkar Refrigeration Industries
Elimination of CFCs in the IBRD 11.7 169,744 22,067 191,811 14.51
manufacture of commercial
refrigeration equipment at Sidwal
Refrigeration Industries Pvt Ltd
No more projects in the commercial refrigeration sub sector in India are to be considered by the Executive
Committee until its requirements from the 22nd Meeting regarding development of a group approach to technology
transfer, trials and training have been implemented by the World Bank. Incremental operating costs for
compressors are not included in the calculation of incremental operating costs but may be eligible for
submission to a future meeting consistent with Decision 22/26.
Total for India 254.9 2,016,185 262,104 2,278,289
--------------------------------------------------------------------------------------------------------------------------