PCBL achieves record CERS sale proceeds

By Staff
|
Google Oneindia News

Kolkata, Jan 16(UNI) Philips Carbon Black Limited (PCBL), an RPG company, today announced that it had become the first carbon black company in the world to earn Rs. 2.85 crore as sale proceeds of Certified Emission Reductions(CERS) from implementation of waste heat utilisation at its Baroda plant.

PCBL is generating power at Baroda by utilising process flue gases from carbon black manufacturing. The gas, which was earlier flared, is already generating 12 MW of electricity following an investment of Rs. 41 crore. After meeting the plant's own power demand of 4.5 MW, the 75 MW excess power is being sold to Gujarat State Electricity Board.

The earning on this account in the current year is estimated at Rs. 14 crore. The company's savings on power purchase amounts to Rs.

ten crore a year.

Philips Carbon Black is the first carbon black company in the world to be registered under the Clean Development Mechanism(CDM) of United Nations Framework Convention on Climate Change (UNFCCC). The Baroda project has been registered with the UN CDM Board.

The CDM project of PCBL at Baroda is expected to generate over 4.5 lakh CERS valued at Rs. 30 crore at current market price by 2015. The first lot of (CER) was issued by the CDM Board a few weeks ago.

The country's largest producer of carbon black, PCBL has three plants at Durgapur, Baroda and Kochi.The company sold 2.22 lakh tonnes of carbon black in 2006-07. Sales during the first nine months of the current year was estimated to be 1.80 lakh tonnes. UNI

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