Engro PVC Newco Summary Of Project Information (SPI)       Project Name    Pakistan-Engro PVC              Region    Central Asia, Middle East & North Africa        Sector       Project No008290   Projected Board DateJuly 15, 1997   Company NameEngro Asahi Polymer & Chemical  Limited (the Company)   Technical Partner and/or Major Shareholders    	The project company  will be a joint venture between Engro Chemical  Pakistan (Engro), Mitsubishi Corporation (Mitsubishi)and Asahi Glass Company (Asahi).  Engro is an established publicly quoted company which is Pakistans second largest producer of urea fertilizer.  The major shareholders are an employee trust, Pakistani and foreign financial institutions, IFC and local small investors. Mitsubishi is the largest general trading Company in Japan.  In addition to equity investment, Mitsubishi will handle supply of VCM for the project.  Asahi is a diversified industrial company which is one of the worlds largest producers of glass and chlor alkali products.  Technology for the project will be provided by Mitsui Toatsu of Japan.    Project Cost Including proposed IFC investment    	The total project cost, including working capital and interest during construction, is US$84 million.  IFCs proposed investment is an A loan of up to US$11 million.    Location of project and Description of site    	The project will be located at Port Qasim, close to Karachi, Pakistan. The site, which will be leased from Port Qasim Authority, is on barren land which is part of a large industrial development zone.    Description of Company and Purpose of Project    	The project is to construct a  100,000 mt/yr  polyvinyl chloride (PVC) manufacturing plant with production intended to serve a fast growing local market.  Feedstock  (vinyl chloride monomer, or VCM) will be imported.  Commercial production is scheduled for September, 1999.     Environmental Category and Issues    	This is a category A project according to IFCs environmental policies.  Environmental issues associated with the project include site location issues with potential for impact on mangrove areas, liquid and solid effluent treatment and control, air emissions and potential for accidental releases of hazardous by-products. Occupational health and safety issues include training and education, fire safety and emergency response, HAZOP analysis of  PVC operations and VCM handling and storage and general employee health and safety. The company has prepared an Environmental Assessment (EA) for  this project.  During the preparation of the EA a number of statutory bodies and international and local NGOs were contacted to provide information on the project to interested and affected parties.  The EA and Executive Summary have been made available for public consultation locally from April 28 to June 27 1997. IFC will ensure ongoing compliance with World Bank environmental, health and safety policies and guidelines during the life of the project by evaluating annual monitoring reports and by conducting periodic supervision.    The  are  from the Public Information Center.       Host country location of environmental documents    Engro Chemical Pakistan, Baharia Office, M.T. Khan Road, Karachi, Pakistan      Date SPI sent to PIC May 14, 1997   For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).