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Zeroemissions obtains its first Carbon credits

May 10, 2007

Zeroemissions receives its first Certified Emission Reduction (CERs) equivalent to reductions of man-produce emissions by green house effects verified in two CDM projects.

These Reductions come from the first register projects Zeroemissions made last year in UN, which are emitting Abengoa CERs, through its participation in the Spanish Carbon Fund of 4,5 M EUR turned to be “project participant” of CDM projects in The province of Jiangy, China. Countries like Spain ,Italy and Holland were involved in these two projects.

It is mainly due to two actions in the chemical sector around the area, especially two HFC22 producers, gas use for refrigeration purposes: Jiangsu Meilan Chemical CO. and Changshu 3F Zhonghao New Chemical Materials Co. Throughout the destruction process are generated emission reductions of 8.5 MtCO2e/year and 10,5 MtCO2e/year respectively. The contribution of these projects is immense as the emission reductions of green house effect don’t step in the atmosphere.

These projects consist of the application of a leader technology based on the HFC23 high temperature decomposition obtained as a sub product in the industrial process to made HFC 22. The contamination potential of HFC 23 is 12.000 times higher than CO2.

This achievement is one of the first fruits of the policy that Abengoa has taken against Climate Change, betting on carbon funds and clean development projects.

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