Connect with us

Economy & Market

Carbon credits earned by Lucky Cement

Published

on

Lucky Cement of Pakistan has earned carbon credits through the implementation of its waste heat recovery project, whereby it has managed to reduce carbon emissions in a substantial manner. The same has been achieved by the company as per the clean development mechanism under the Kyoto Protocol.The waste heat recovery project comprises of a power generation unit which does not require any external fuel and utilises wasted heat from the system as its fuel. The company’s waste heat recovery plant has resulted in an estimated CO2 reduction at its Pezu plant to 29,918 metric tons while the reduction at its Karachi plant is 50,000 metric tons.The clean development mechanism entails developing countries to earn certified emission reduction credits through emission reduction projects. The carbon credits can be sold and traded by developing countries for financing their industrial projects.The estimated annual CO2 reduction by virtue of WHR plant at its Pezu Plant is 29,918 metric tons and by WHR at Karachi Plant is 50,000 metric tons. Lucky Cement’s innovation is thus preserving environment, curtailing its energy needs and saving cost in a unique way.The clean development mechanism allows emission-reduction projects in developing countries to earn certified emission reduction credits.These carbon credits can be traded and sold and are used by developing nations to finance their industrial projects. One allowance or certified emission reduction is equivalent to one metric ton of CO2 emissions.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Concrete

New appointment at TMEIC

Published

on

By

TMEIC Industrial Systems India, a Group company of TMEIC Corporation, Japan, has announced the appointment of Hidekazu Matsushima as the new Managing Director. Matsushima has been associated with Mitsubishi Electric FA division for domestic market in Japan since 1991 and been assigned in Industrial division in 1994, where he rolled out his mission of sales, marketing and business development of General industry (GI) such as paper, film, Oil & Gas, petrochemical, cement, food, automobile, semiconductor industries in Japan. During the establishment of TMEIC in Japan in 2003, he was assigned with the responsibility for domestic GI market Sales in Japan HQ, and then in plant and energy sales department.

Continue Reading

Concrete

Social Impact Award for Ambuja Cements

Published

on

By

The West Bengal CSR unit of Ambuja Cements has won the 6th ICC Social Impact Award 2024 in the large industry category. It was recognised for its efforts in advancing ‘Gender Equality and Women Empowerment’. The CSR arm received a letter of appreciation from the Office of the Governor of West Bengal, further amplifying recognition of the organisation’s contributions to societal advancement. The initiatives undertaken by Ambuja Cements in West Bengal under the Women Empowerment programme harness the power of rural women as breadwinners, community leaders and change-makers. Encouraging women to form Self-Help Groups and Federations plays a key role in helping them achieve socio-economic empowerment.

Continue Reading

Concrete

UCWL unveils new plant in Dabok, Udaipur

Published

on

By

JK Lakshmi Cement, a subsidiary of Udaipur Cement Works Limited (UCWL), has inaugurated its state-of-the-art cement mill IV at their Dabok plant in Udaipur, Rajasthan. The new mill pushes the plant’s cement capacity from 2.2 million MT to 4.7 million MT, making it one of the key players in the industry. The new facility is expected to enhance efficiency, productivity and provide exceptional product quality owing to its cutting-edge technology equipment while incorporating innovative measures to minimise its environmental impact. The event shows UCWL’s stern commitment to excellence and its contribution to the region’s infrastructure sector.

Continue Reading

Trending News

SUBSCRIBE TO THE NEWSLETTER

 

Don't miss out on valuable insights and opportunities to connect with like minded professionals.

 


    This will close in 0 seconds