26 August 2011 12:07 [Source: ICIS news]
By Will Beacham
LONDON (ICIS)--Chemical companies operating in ?xml:namespace>
From 2012, chemical plant owners across
Once chemical companies know the likely cost of buying permits, operators will be able to work out if the cost of extra investment in new technology will offset the cost of buying fewer permits.
Under the next phase of ETS, the top 10% most efficient chemical plants will be exempt from the need to purchase permits. Operators of all other facilities will need to purchase permits if they want to continue operating.
According to Kettenis, national authorities responsible for policing ETS are currently visiting plants and making allocation plans for permits.
He added: “Companies can’t yet consolidate exactly what they need to spend on permits. But by the end of 2011 the information will be known by every company. I’d anticipate that during 2012 companies will be planning that during debottlenecking procedures they may add CO2 reduction technology.”
He added: “This should also stimulate the engineering sector to develop more cost-effective CO2 reduction technology.”
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