Vikram Cement to generate Carbon Credits
More Carbon Credit news from India. I saw this in the The Asian Age today.
Carbon Credits are not just produced with forests - although the ones we sell currently are 100% forest developed. In India, Vikram Cement has applied for project validation at the United Nations Framework Convention on Climate Change or UNFCCC, as a clean development mechanism, activity to enable them to deal in carbon credits generated by making cement out of waste products that previously would have been spewing greenhouse gasses into the air.
From the article: ‘Vikram Cement (VC), part of Grasim Industries Ltd of the Aditya Birla Group, have invested Rs 24 crores in a cement processing plant in Jaipur which uses agricultural by-products and municipal solid waste or MSW, in the manufacture of portland cement at Neemuch, Madhya Pradesh.
‘”Though some cement industries in India use alternative fuels like tyres and industrial wastes in cement kilns, the usage is in very limited quantity when compared to industries in Europe. We are also looking to use pharmaceutical and chemical wastes for the manufacture of cement at our facilities,” said Mr Sanjay Agrawal, VP, production planning and budgeting, Aditya Birla Group.
‘Since the project replaces fossil fuels with MSW and reduces methane emissions, VC has applied for project validation at the United Nations Framework Convention on Climate Change or UNFCCC, as a clean development mechanism, activity to enable them to deal in carbon credits. The project will generate 30,072 certified emission reductions or CERs per annum. Each CER stands for one tonne of carbon dioxide equivalent reduction and can be traded between [US]$7 and [US]$10 per CER.’
