The Asian Development Bank (ADB) has signed a $50 million green loan (CNY 353.63 million) with Shouguang Luli Wood Inc. (Luli Wood) to support the construction of a cutting-edge oriented strand board (OSB) factory, associated facilities, and a captive biomass power plant in Jiangxi Province, People’s Republic of China (PRC). The financing will also cover working capital needs, helping advance sustainable forestry and renewable energy within the country’s expanding circular bioeconomy.

Supporting a Greener, More Resilient Wood Industry

The PRC’s wood and raw material supply chains face mounting sustainability challenges. Only 1% of forests are certified as sustainably managed, and the country remains heavily dependent on imported timber, which makes up more than half of national demand. T

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