adminCDM is one of the three flexible mechanisms established under the Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCC).
The Kyoto Protocol strengthens the international response to climate change through specifying legally binding targets for developed countries to reduce emissions of greenhouse gases by 2012.
The protocol recognises that the developed countries contributed much to global warming through emission of greenhouse gases during the industrial revolution of the 19th century.
It also recognises that while the contribution of the developing countries to global warming was very minimal, they bare the brand of the devastating effects of climate change which include drought, floods, tsunamis and heat- waves.
The purpose of the CDM is to assist developing countries achieve sustainable development while supporting developed countries to achieve compliance with their quantified emission limitation and reduction commitments.
The Sable Chemicals CDM project involves the construction of the nitrous oxide abatement which converts nitrogen oxides waste into ammonium nitrate fertiliser.
Currently Sable Chemicals is releasing nitrous oxides which are the waste product of the fertiliser manufacturing process.
Nitrous oxide together with carbon dioxide and others are greenhouse gases which cause global warming resulting in climate change.
Chemplex Corporation chief executive officer Mr Misheck Kachere said on completion of the project environmental pollution would be zero.
Mr Kachere said the project to be funded by Standard Bank of South Africa would be implemented in partnership with MGM Innova of the United States.
“They have agreed in principle to fund a CDM project at our plant in Kwekwe and there will be due diligence thereafter to assess its profitability.
“A group of assessors will visit the plant early next year for a technical feasibility study of the project which will see a massive reduction of environmental pollution,” he said.
The project is expected to generate 490 000 tonnes per year in certified emission reduction credits over seven years.
The scheme is still at the validation stage and should be registered in the first half of next year, with the first credits expected to be generated early in 2013.
Mr Kachere said with the project, all the units at the plant will be functional.
“We should be able to run the ten units up from six,” he said.
“This means increased production for us also.”
Globally more than 43 plants in 12 countries are operating with nitrous oxide abatement that can reduce greenhouse gas emission into the atmosphere by more than 11 million tonnes per annum. — New Ziana.
Online Reporter