19 March 2008 09:08 [Source: ICIS news]
TOKYO (ICIS news)--Ube Industries and Mitsubishi Corp have received approval from the Thai government for a Clean Development Mechanism (CDM) project to reduce nitrous oxide (N2O) at a caprolactam plant in the country, the Japanese companies said on Wednesday.
The companies will build a unit to reduce N2O at a 110,000 tonnes/year plant in Rayong province operated by Ube’s subsidiary Thai Caprolactam, they said in a joint statement, adding that it would start operations in July.
CDM is a programme under the Kyoto Protocol to reduce greenhouse gas emissions.
The companies will obtain 170,000 (carbon dioxide tonnes equivalent) of Certified Emission Reduction (CER) credits per annum from the United Nations from July 2008 onward, they said.
MC planned to sell the credits to companies which needed to meet their own emission targets, they added.
According to the companies, the contribution of N2O to global warming is 310 times greater than that of CO2.
The caprolactam plant also produces 460,000 tonnes/year of ammonium sulfate.
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