Pakistan: DG Khan Cement receives UN carbon credits
DG Khan Cement Company is to receive CO2 credits from the UN for setting up its new waste heat recovery project.
“The Waste Heat Recovery Project of the company situated at Dera Ghazi Khan, generating 10.4MW of electricity has been successfully registered with the United Nations Framework Convention on Climate Change (UNFCCC) for carbon credit,” said DG Khan Cement.
The Pakistani cement producer stated that the project was expected to generate 33,845t of CO2 equivalent per annum for a credit period from January 2012 to December 2021.
Ijaz-ur-Rehman, analyst at MM. Securities Private Ltd, commented that DG Khan Cement had earlier applied for carbon credits-tradable certificates to allow the company to monetise the benefits of reduced carbon emissions.