Core Insights - The chemical industry is a pillar of the national economy but is also a high-energy and high-carbon emission sector, making it crucial for China's "dual carbon" goals [1] - Under the guidance of the People's Bank of China, Jiujiang has become the first city in Jiangxi Province to implement a financial pilot program for chemical transformation, aimed at supporting green and low-carbon upgrades in the industry [1] Group 1 - The People's Bank of China, Jiangxi Branch, and Jiujiang Branch have facilitated the first chemical transformation loan in the province, supporting a project for heat recovery in a fine chemical enterprise [2] - The enterprise, which produces products like ortho-chlorobenzoic acid and quinaldic acid, previously wasted a significant amount of high-heat steam during production, leading to energy inefficiency [2] - The new heat recovery system will convert waste steam into reusable high-quality thermal energy, significantly reducing energy waste and improving energy efficiency [2] Group 2 - The enterprise has developed a transformation action plan that includes current carbon emission levels, short, medium, and long-term reduction targets, and a financing plan, aiming to reduce carbon emissions by 1,296 tons and decrease carbon intensity by 22% by the end of 2025 [2] - This loan marks another innovative practice by Jiangxi Bank in the field of transformation finance, following previous loans for agricultural and copper industry transformations [2] - Jiangxi Bank focuses on the financing needs of traditional industries for low-carbon transformation, continuously enhancing its financial service system for key sectors like chemicals, agriculture, and copper [2]