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 Asia to improve their resource efficiency and thus become more competitive, it said on Tuesday.

The IFC said its in-depth analyses of select companies in Kazakhstan, Russia, Turkey, the Ukraine and the western Balkans would help producers improve operations and save costs through resource efficiency management.  

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 Asia.

"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
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly