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Masdar Carbon,one of the five integrated units of Masdar,andTriOceanCarbon- a privately-owned company based in Cairo, announced today the registration of theKafr El DawarClean Development Mechanism (CDM)projectin Egypt under the United Nations’ Kyoto Protocol.
The registration implies that, once approved, Masdar will be able to generate and monetize revenues from this project within the next year and continue for a further period of 10 years.
Located at theEgypt for Spinning, Weaving and Dying Company inKafr El Dawarnear Alexandria, the fuel switching project has become one of only 23 CDM projects registeredunder the Kyoto Protocol in the entire MENA region.
Badar AlLamki, Associate Director of Masdar Carbon,said: “The Kafr El Dawar CDM project helps reduce CO2 emissions through switching from thehigher carbon intensive fuel such as Heavy Fuel Oil (HFO) to natural gas,a lower carbon intensive fossil fuel, contributing to Egypt’s goals in sustainable development. It has also significantly mitigated atmospheric emissions of pollutants while improving air quality in the region.
“CDM projects in general bring social benefits linked to improvedworking conditions and better occupational health and safety. We are confident this project,that has successfully demonstrated the benefits of clean technology in the public sector,will be replicated across the region.”
Ahmed Zaharan, Business Development Manager of TriOceanCarbon, said: “The project demonstrates that a huge CDM potential still exists in Egypt for small scale projects especially in the fuel switching and the renewable energy sectors. Egypt so far has registered only nine projects when the size of its industry and energy consumption carries many opportunities for CDM investors. Moreover, with the huge growth in energy demand in Egypt, it is expected that more CDM projects will be implemented to shift the country’s industries to using natural gas or renewable energy.”
The replacement of HFO with natural gasis expected to generate approximately 45,000 Certified Emissions Reductions (CERs)per year.One CER equates to one tonne of carbon dioxide equivalent.
MasdarCarbon and TriOceanCarbon achieved this by converting the existing oil-fired boilers at the plants into natural gas-feed based ones. The new boilers have already been operating for a few months.
The UAE became the firstcountry in the GCC to earn credits from the United Nations Framework Convention on Climate Change (UNFCCC) for reducing carbon emissions when MasdarCarbon received CERsfor its CDM project at an Emirates CMS gas-burning power plant in Taweelah,80km from Abu Dhabi.Thisproject uses waste heat to produce extra power and desalinated water, thus increasing the plant’s production for every tonne of carbon dioxide that it releases.
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