Suzhou Refine, a group company of Nippon Refine.
JBIC concluded two loan agreements with Nippon Refine Co., Ltd. (Nippon Refine) These loans are intended to finance the organic solvent purification and sales business conducted by Hefei Refine Co., Ltd. (Hefei Refine), a Chinese subsidiary of Nippon Refine, in the city of Hefei in China. Nippon Refine is a small and medium-sized enterprise (SME) engaged in the used organic solvents purification and sales business, as well as the environmental equipment engineering business.
In China, where environmental awareness is on the rise, there is a growing demand for solvent recycling. Nippon Refine established the Hefei Refine production base in February 2015 with the intention of expanding this market in China. Through the support of such overseas business deployment of Nippon Refine, this financing will contribute to maintaining and strengthening the international competitiveness of Japanese industries.