Multinational companies keep an eye on China CDM projects

Multinational companies keep an eye on China CDM projects

The Carbon Emissions Coal Mining Expo Shangxiang has become a major highlight of the 2007 China (Taiyuan) International Coal and New Energy Industry Expo. China's carbon emission rights have attracted companies from all over the world. The reporter noticed that many overseas companies, such as Cindyk Carbon Capital Limited, UPM, Germany, Ruhr Mine Consulting and Trading Co., Ltd., Camco International Coal Assets Information Consulting Co., Ltd., and British Climate Change Capital Group, all focused their attention on China. Among the CDM (Clean Development Mechanism) projects, there are many projects in the chemical industry. These companies stated that they are willing to provide funds, advanced technologies, key equipment and manage the entire CDM project, and purchase the resulting emission reductions.
According to the introduction of Cindyk Carbon Resources UK Ltd., the company adopted the world-advanced German Heraeus company's platinum two-layer net bed technology for the treatment of nitrous oxide emissions from nitric acid plants. The technology can eliminate 95% of the Nitrous oxide does not affect the yield and quality of nitric acid. They also developed a new methodology AM0051 specifically for this technology, making this technology applicable to CDM projects. The CBM extraction technology owned by the company can greatly increase the amount of extraction, and its exhaust CBM extraction technology can separate the methane gas with a concentration of 0.2% or more in the exhaust gas and use it to improve the safety of coal production. Sex and increase economic efficiency. However, the person in charge of the company also stated that their technology is not applicable to all projects. For the treatment of nitrous oxide in nitric acid production, the annual output of nitric acid should be 30,000 tons or more, and medium pressure or high pressure (double pressure) should be adopted. ) Production; For CBM extraction and power generation, the methane content of coalbed methane extracted shall not be less than 25%, and the annual extraction amount shall not be less than 10 million cubic meters.
At the UK Climate Change Capital Group booth, staff members are busy and several domestic companies are ready to negotiate with them on CDM project cooperation. A related person told reporters that at present, the Climate Change Capital Group has a wide range of investment portfolios in China, involving more than 15 projects. In October 2006, the Group signed an agreement with a refrigerant manufacturer in Shandong Province to purchase CERs (certified emission reductions) from HFC-23 emission reduction projects. This emission reduction project will generate 4.2 million tons of CERs per year, and it is estimated that by 2012, a total of about 24 million tons of CERs will be reduced, which will all be purchased by the British Climate Change Capital Group. The group provides 100% financing for the project. According to reports, the Group’s current areas of concern include: industrial gas emission reduction, renewable energy (including wind power, biomass, etc.), energy efficiency projects (including large steel plant energy efficiency projects and large cement plant energy efficiency projects), and natural gas power generation, CBM utilization, coking plant coke oven gas power generation, etc.
At the UPM booth in Germany, the slogan “Create Carbon Value for Your Project” is particularly eye-catching. The company has invested more than 5 million yuan in screening CDM projects around the world, and the total funds available for project investment exceed 100 million euros. The main development projects are nitrogen dioxide emission reduction, methane recovery and utilization, improved generator set efficiency, and fuel consumption. Alternatives and other four aspects.
Camco International Coal Assets Information Consulting Co., Ltd., which won the honor of "Global Best CDM Project Developer in 2006", was also not to be outdone. The methodology prepared by the company was incorporated into ACM0008 - coal methane gas and coal mine methane gas collected, utilized or ignited. Integrated methodology. At the expo, they also organized a seminar on the clean development mechanism for the coal and coking industries. They discussed the clean development of the coal and coking industries and related companies and experts at home and abroad. At the seminar, Bill Tonks, an expert on coalbed methane in the United Kingdom, pointed out that as a big country in coal production and consumption, China's CBM emission reduction is very promising. He proposed three suggestions to related domestic companies. One is to improve the effectiveness of CBM recovery and production; the second is to make full use of CBM storage and utilization experience; and the third is to obtain financing income from carbon emission reduction projects.
It is understood that China is currently the world's largest developing country in terms of greenhouse gas emissions. China's focus on developing clean development mechanism projects is to improve energy efficiency, develop and utilize new and renewable energy sources, and recycle methane and coalbed methane. At present, the power industry accounts for a major share of China's potential CDM market, and chemical industry is presenting the second largest potential for emission reduction. According to the type of project distribution, CDM projects that have been accepted and approved mainly include renewable energy, including wind power, hydropower, HFC-23 decomposition, methane recovery and utilization, biomass power generation, decomposition of nitrous oxide, and fuel substitution projects. CDM The project has an important role in promoting the sustainable development of our country.

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