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Omnia cdm project to receive over a million emission credits - Acidity Regulators by he ni
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Omnia cdm project to receive over a million emission credits - Acidity Regulators by HE NI
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| Article Posted: 07/03/2013 |
| Article Views: 61 |
| Articles Written: 1145 - MORE ARTICLES FROM THIS AUTHOR |
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Omnia cdm project to receive over a million emission credits - Acidity Regulators |
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Business,Business News,Business Opportunities
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Chemicals producer Omnia has been issued more than a millionemission credits for the clean development mechanism (CDM) projectat its nitric acid production facility, in Sasolburg. The JSE-listed company reduced its greenhouse-gas emissions fromthe plant by 98%, after the incorporation of the EnviNOx technologyin 2008. Omnia MD Rod Humphris reported on Monday that the 1 076 015 Certified EmissionReductions (CERs), which translated into 42% of the total issuancein Southern Africa, were issued after a rigorous audit from anindependent body. CER credits can be traded and used by industrialised countries tomeet part of their emission reduction targets under the KyotoProtocol.
The Kyoto Protocol"s first commitment period runs from 2008to 2012. Climate change negotiators agreed in Durban last year toextend the pact for another five years. The CDM process allowed non-annex B countries (developing countriescommitted to the emissions reduction aims of the Kyoto protocol)such as South Africa to trade CER certificates with annex Bcountries (industrialised nations) such as Germany, Austria andJapan. Currently, South Africa had 20 registered CDM projects and afurther 48 currently under validation. Omnia said it was the firstcompany in sub-Saharan Africa to be issued over a million credits.
Imbewu climate change and CDM legal consultancy director Andrew Gilder said the large industrial-scale project had been mitigatingindustrial gas such as nitrous oxide (N 2 O) and generating carbon credits since 2008. Many projects insub-Saharan Africa were of a smaller scale and mostly communityfocused. Currently, about five nitrogen oxide emission projects wereregistered in South Africa, while there were about 94 globally. Africa currently held 2.12% of the 3 776 CDM projects registeredglobally and 1.3% of total CERs, or credits, in issuance.
Omnia explained that its nitric acid plant presented an opportunityfor the company to reduce its N 2 O and nitrogen oxides (NOx) emissions to contribute towards theimprovement of the air quality of the Vaal Triangle, which is adeclared National Priority Area in terms of the NationalEnvironmental Management: Air Quality Act. Emissions such as N 2 O and NOx were not currently regulated by South Africanlegislation, however, it was classified as a greenhouse gas with aglobal warming potential estimated to be 310 times greater thanthat of carbon dioxide. Omnia plans to install a second EnviNOx system on the newR1.4-billion nitric acid plant, which its board approved in 2010. The EnviNOx technology was developed by UHDE in Germany.
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