On September 29, the New Materials Corporation, affiliated with China National Chemical Corporation, and Japan's Mitsui & Co., Ltd. signed a cooperation agreement in Beijing for a Clean Development Mechanism (CDM) project involving Heilongjiang Black Chemical Group Co., Ltd. This initiative marks a significant milestone as it is the first CDM project approved by the UN CDM Council that focuses on the decomposition of nitrous oxide (N₂O), and it also represents China’s first effort to reduce N₂O emissions through such a mechanism.
Under the terms of the agreement, Mitsui & Co., Ltd. will purchase all the nitrous oxide emission reduction credits generated from melanin production between 2007 and 2012 at a rate of $11.5 per ton of COâ‚‚ equivalent. Additionally, Mitsui will provide free investment in blackening input testing equipment and new catalysts to support the project.
The Blackening CDM project aims to implement the newly approved UN CDM Council methodology for catalytic decomposition of Nâ‚‚O. It is expected to cut annual Nâ‚‚O emissions by approximately 900,000 tons of COâ‚‚ equivalent during the production of nitric acid. The project was scheduled to begin in 2007 and is projected to generate around $10 million in revenue annually.
Beyond its environmental benefits, the project has created a sustainable cycle by channeling the proceeds into the Group’s dry quenching project, reinforcing the integration of environmental protection with industrial development. This approach not only addresses the pollution caused by N₂O emissions but also fosters long-term ecological and economic sustainability.
China’s Clean Development Mechanism is closely aligned with its broader sustainable development strategy, influencing various sectors of the economy and society. As of August 10 this year, the National Development and Reform Commission had approved 79 CDM projects, including nine in the chemical industry. This collaboration highlights the growing international partnership in addressing climate change while promoting green technologies and responsible industrial growth.
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