IFC launches study to help chem, fertilizer firms raise efficiencies
15 May 2012 18:22 [Source: ICIS news]
HOUSTON (ICIS)--The International Finance Corporation (IFC) has launched a study that is aimed at helping chemical and fertilizer producers in eastern Europe and central
The IFC said its in-depth analyses of select companies in
In addition, the IFC will also conduct a sector-wide assessment of the nitrogen chemicals and fertilizer production industry in the region, benchmarking the sector against western Europe, it said.
Nitrogen fertilizer production consumes around 1.2% of the world's total energy, it added.
The study results will serve as a practical tool for corporate decision makers to benchmark their operations against competitors and help to identify areas for improvement, the IFC said.
"The chemical and fertilizer industry in Europe and central Asia is a significant generator of exports and employment," said Viera Feckova, manager of the IFC's resource efficiency programme in Europe and central
"IFC is launching this study to generate more investment into resource efficiency in this industry and enable decision makers at local firms to make more informed investment choices, which will help them to compete in the international marketplace," Feckova added.
As part of the World Bank, the IFC focuses on promoting private sector investments, in particular in developing countries.
By: Stefan Baumgarten
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