China, Dec. 3 -- The Asian Development Bank (ADB) and Shouguang Luli Wood Inc. (Luli Wood) have signed a $50 million green loan (about CNY353.63 million) to support the construction of an oriented strand board (OSB) factory, associated facilities, and a captive biomass power plant, as well as to finance working capital needs in Jiangxi Province, the People's Republic of China (PRC). The supply of wood and raw materials in the PRC faces significant challenges, with only 1% of forests certified as sustainably managed. This is compounded by the heavy reliance on imported wood, which accounts for over half of the PRC's demand. The wood panel market is dominated by plywood, which typically depends on large timbers, encouraging the logging of old...