02 April 2007 17:14 [Source: ICIS news]
NEW DELHI (ICIS news)--India’s Navin Fluorine International Limited has secured approval to generate tradeable carbon credits by reducing emissions of greenhouse gases (GHGs) equivalent to 2.8 million tonnes/year of carbon dioxide.
The company said on Monday that the clean development mechanism (CDM) executive board of the UN Framework Convention on Climate Change (UNFCCC) had registered its CDM project.
Navin Fluorine earlier obtained approvals from the Indian Government and an independent international project validation entity.
The company initiated the CDM project last year by deploying the GHG emission reduction technology of the UK's Ineos Fluor?xml:namespace>
When completed in mid-2007, the project would prevent emission of hydroflorocarbons23 (HFC23), a by-product generated during the manufacture of refrigerant HFC22 at its Bhestan plant in
Formerly Polyolefins Rubber Chemicals Limited, Navin Fluroine is
It manufactures bulk chemicals such as anhydrous hydrofluoric acid and aluminium fluoride, specialty chemicals such as phenyl trimethyl ammonium chloride and n-methyl n-benzyl aniline at Bhestan and at Dewas in Madhya Pradesh state.
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