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(Source: Datamonitor)trackingThailand-based integrated petrochemical company IRPC has said that it is allying with GE Energy and General Carbon to register a proposed cogeneration power plant at its petrochemical complex in Rayong province, Thailand as a Clean Development Mechanism project.

IRPC plans to replace the petrochemical complex’s older, less-efficient fuel oil power plant with a new, 200MW, natural gas-fueled cogeneration plant. The project is planned to help improve the facility’s energy efficiency, reduce its greenhouse gas emissions and reduce air emissions in this industrial area.

The proposed cogeneration plant would be powered by six Frame 6B gas turbines supplied by GE Oil & Gas and would provide a cleaner source of power and steam for IRPC’s operations.

The new combined heat and power plant is expected to enable IRPC to reduce its emissions by an estimated 400,000 tons of CO2 equivalents per year, making the project eligible for 400,000 certified emissions reduction credits that could be sold in the global carbon marketplace.

Under the memorandum of understanding, General Carbon plans to develop the project design document and manage the Clean Development Mechanism (CDM) process through to registration with the CDM’s executive board. General Carbon also will facilitate the monetization of the carbon credits for IRPC if the natural gas cogeneration plant is successfully registered.

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Tags: Carbon Market, CDM, GHG emission