By Wan Zhihong (China Daily)
Updated: 2008-03-15 10:35

The Rhodia acquisition has upgraded ChemChina's organic silicon business, making it the third largest producer in the world.

"All our past deals have proved to be successful. We will continue to talk with some foreign companies about takeover opportunities," said Ren.

Emissions control

Saving energy and cutting pollution are the top priorities for Ren this year. "Emissionscontrol will be our most important priority in 2008."

ChemChina will not approve any new project that can't meet its emissions control target. It will improve its existing facilities to make them more energy-efficient and environmentally friendly. The company will also close plants that can't meet its emissions targets within the prescribed time.

"This year we have set aside 1.5 billion yuan for our emissions control program," Ren said. "It is not only to show our corporate responsibility, but also for sustainable development of the company."

Wastewater treatment will form a large part of ChemChina's 2008 emission control plans as the company consumes large amounts of water each year.

Its water treatment effort will be divided into several phases. The first step will be pilot projects at several chemical plants. Experts have already started research for the projects, the operation of which will provide useful experience for other ChemChina companies.

Efforts will also include improving the technologies used for effluent treatment at refineries and eliminating chlorine and alkali discharges.

"From 2008, all companies under ChemChina will make their own specific plans on energy and the environment," Ren said.

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