Saturday 20 October 2018

Sabic’s carbon reduction project wins CDM registration

JEDDAH, November 7, 2014

Saudi Basic Industries Corporation’s innovative carbon reduction project at its manufacturing affiliate, Al Jubail Fertiliser Company (Al-Bayroni) has been registered by the executive board of the Clean Development Mechanism (CDM).

The CDM initiative encourages reduction of greenhouse gas emissions responsible for climate change, said a statement.

Sabic’s Boiler Optimisation Project at Al-Bayroni will run for 10 years and reduce the firm’s CO2 emissions by more than 400,000 tonnes per annum by utilising new technologies that cut greenhouse emissions and energy consumption, it said.

Mohamed Al-Mady, Sabic vice chairman and CEO, said: “Our Boiler Optimisation Project has once again demonstrated our strong commitment to a low-carbon economy for sustainable development, clean environment and a better tomorrow.”

Prior to registration by the board, the project was reviewed and approved by the National Committee for CDM, presided over by Prince Abdulaziz bin Salman, Assistant Minister of Petroleum and Mineral Resources for Petroleum Affairs.

The CDM project cycle is highly complex in its nature and requires technical and sustainability expertise, adherence to transparency, advanced corporate governance and high EHSS standards. It puts the project proponents under local and international scrutiny, said the statement.

Khaled Al-Mana, Sabic executive vice president, Fertilisers, and Al-Bayroni chairman, said: “Tackling climate change has recently become a key element of sustainability, and we are reducing our own carbon footprint. One of the ways for this is CDM. I am proud to see Al-Bayroni become the first member of the Sabic family to have a project achieve CDM registration.

“When we initiated the CDM program at SABIC, we knew that it would be a difficult undertaking. CDM is a complex program with many challenges but we spared no effort in pursuing it. SABIC is proud of the CDM registration for this project and will continue with the program in all earnestness.” - TradeArabia News Service

Tags: sabic | Registration | CDm | Al-Bayroni |

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