Titanic carbon trade deal

Kovac, Matt
September 2006
ICIS Chemical Business;9/4/2006, Vol. 1 Issue 33, p4
Trade Publication
The article reports on the greenhouse gas reduction deal between Jiangsu Meilan Chemical and Changshu 3F Zhonghao New Chemicals Materials. The two chemical companies from China have struck the world's largest greenhouse gas reduction deal to date in a $1.02 billion agreement with a World Bank consortium. The firms will incinerate trifluoromethane, converting it to carbon dioxide and so reducing the global warming potential of the plants' emissions by around 19 million tonne per year of carbon dioxide equivalent.


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