Bahrain's GPIC agrees on carbon capture project

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.

 

In an agreement with Abu Dhabi’s renewable energy platform Masdar, the company planned to build a unit to reduce its CO2 emissions equivalent by 100,000 tonnes/year from 2010.

 

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.

 

GPIC is a joint venture of the Bahrain government, Saudi Basic Industries Corp (SABIC), and the Petrochemical Industries Company (PIC) of Kuwait.

 

It manufactured almost 1.5m tonnes of ammonia, urea and methanol annually, it said.

 

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By: Mark Watts
+44 20 8652 3214

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