India: Conversion of chlorinated rubber manufacture from carbon tetrachloride to non-ODS process at Rishiroop Organics Pvt. Ltd. (World Bank) (UNEP/OzL.Pro/ExCom/34/30)
Having considered the comments and recommendations of the Sub-Committee on Project Review (UNEP/OzL.Pro/ExCom/34/18, paras. 95 and 96), the Executive Committee decided to approve the above project at the level of funding indicated in Annex VII to the present report, on the basis of a 20 per cent reduction in capital costs to account for provision of a new plant, and including calculation of incremental operating costs for a period of one year, with the following understanding:
(a) Disbursement of the technology transfer fee will be withheld until such time as a patent has been issued and in the light of the paper on intellectual property issues to be submitted to the Executive Committee at its 35th meeting by the Secretariat, following its consultation with relevant international agencies pursuant to Decision 33/14;
(b) Sustained reductions of 248.8 ODP tonnes will be maintained in CTC consumption in the process agent sector in India, notwithstanding any possible problems in achieving phase-out in this project;
(c) Any export to non-Article 5 countries by the enterprise will not exceed 10 per cent for the duration of the incremental operating cost period, that is, one year;
(d) The Contracting Parties, the Executive Committee, the Fund Secretariat and the implementing agency concerned will bear no responsibility, should the application of the chosen technology prove unsuccessful.