Following the discussion, the Executive Committee decided:
- To approve the demonstration project for the conversion from HCFC-141b-based to cyclopentane-based pre-blended polyol in the manufacture of rigid polyurethane foam at Guangdong Wanhua Rongwei Polyurethane Co. Ltd at a total cost of US $1,214,936, plus agency support costs of US $91,120 for the World Bank, on the understanding that the release of funding by the World Bank for stage II of the project, amounting to US $635,275, would be subject to successful validation of stage I and submission of the relevant report to the Fund Secretariat by the World Bank supporting the technical feasibility and safety of the full-scale demonstration project;
- To request the World Bank and the Government of China to deduct 6.84 ODP tonnes (62.2 metric tonnes) of HCFCs from the starting point for sustained aggregate reductions in eligible consumption, as set by China’s HCFC phase-out management plan; and
- Further to request the World Bank to provide to the Secretariat at the end of each year of the project’s implementation period or part thereof progress reports that addressed the issues pertaining to the collection of accurate data in line with the objectives of decision 55/43(b).