Mumbai, Feb 14 (UNI) Deepak Fertilisers And Petrochemicals Corporation (DFPCL) has announced the launch of its ''Clean Development Mechanism Project (CDM)'' at its manufacturing plant in Taloja here.
The project will be implemented within a span of six months and will address the widespread concern on global warming by reducing the Green House Gas (GHG) emission through the CDM which forms part of the Kyoto Protocol, a company release said.
The DFPCL manufacturing unit at Taloja has three Nitric Acid plants.The manufacturing process of Nitric Acid produces unwanted side reactions, some of them entailing the formation of small quantities of Nitrous Oxide (N2O), which gets released into the atmosphere that has no negative environmental effects locally.
However, it is a potent Green House Gas and by implementing this project,DFPCL would continue its endeavor towards adopting Cleaner Technologies for Environmental protection.
The Nitrous Oxide abatement catalyst developed by Johnson Matthey plc (UK), would be taken on lease from an European Supplier and has proved to reduce Nitrous Oxide by up to 90 per cent. The reduction of Nitrous Oxide (Green House Gas) is entitled to carbon credits issued by the United Nations secretariat for Climate Change, hence, these Certified Emission Reductions (CERs) can subsequently be traded in the world carbon markets.
The market of carbon credits has already taken off in India and DFPCL would be a part of this global market which grew at 80 per cent approximately, last year.
As per the agreement the catalyst will be returned to the supplier for recovery and re-circulation of the active constituents, once it reaches its useful life.
The revenue earned from the CER trading will be used not only for expansion organically, but also for supporting the activities of the Ishanya Foundation which actively works on various social responsibility initiatives in the villages around Taloja, by focusing on women empowerment, education and health, the release said.
UNI VK AA1133