Core Points - Jiangsu Province has announced a list of 72 industrial enterprises that achieved advanced water efficiency standards, with 16 companies from Suzhou benefiting from a 20% water resource tax reduction for 2024 [1][2] Group 1: Policy and Implementation - The water resource tax reduction policy is part of Jiangsu Province's initiative to promote industrial water conservation [3] - The Suzhou Water Authority conducted a thorough review of the application materials to ensure compliance and authenticity before finalizing the list of eligible companies [1] Group 2: Company Achievements - The awarded companies span multiple key industries, including textiles, steel, paper, and building materials, with notable mentions such as Fenno-Group (China) Co., Ltd., which has received national recognition for water efficiency [2] - Fenno-Group's water consumption metrics are significantly below national standards, with their uncoated printing paper requiring only 7.76 cubic meters per ton, compared to the national advanced value of 20 cubic meters per ton [2] Group 3: Economic and Ecological Benefits - The 20% tax reduction is expected to yield substantial economic benefits for the companies involved, promoting both cost savings and water resource conservation [3] - The policy aims to create a win-win situation for economic and ecological benefits, encouraging more enterprises to adopt water-saving and environmentally friendly practices [3]