23 July 2008 14:59 [Source: ICIS news]
LONDON (ICIS news)--Gulf Petrochemical Industries Co (GPIC) has agreed on plans to build a facility to capture and recycle carbon dioxide (CO2) at its fertilizer site in Bahrain and use it as feedstock in the production of urea and methanol, the company said on Wednesday.?xml:namespace>
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The project would be developed under the United Nations’ Clean Development Mechanism (CDM), which provides financial incentives to reduce emissions in countries with no commitments under the Kyoto Protocol.
“The CDM provides an incentive to GPIC to develop the CO2 capture project and we expect this project to pave the way for more carbon reduction initiatives in the industry,” said Masdar CEO Sultan Al Jaber.
It manufactured almost 1.5m tonnes of ammonia, urea and methanol annually, it said.
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