Saudi Basic Industries Corporation’s (SABIC) 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), according to Trade Arabia website.
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’s 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.