PCBL achieves record CERS sale proceeds
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