India DFP launches CDM project for carbon credit

14 February 2008 07:40  [Source: ICIS news]

MUMBAI (ICIS news)--India’s Deepak Fertilisers and Petrochemicals (DFP) said on Thursday that it has launched a clean development mechanism (CDM) project to reduce emissions of nitrous oxide (N2O), a potent greenhouse gas and earn carbon credits.

The company will implement the project in three nitric acid plants at its Taloja-based unit within six months, it said in a statement.

An N2O abatement catalyst from a European supplier will help the firm to reduce emissions by nearly 90%, it said adding that the certified emission reductions (CER) could subsequently be traded in the world carbon markets.

The firm added that it would use the CER revenue for organic expansion and other development purposes.

By: Isha Jha
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