Jiangsu Shagang is developing three projects which will use the residual gas from its steel production process to supply its own energy needs. The residual gas recovered has a low heating value and at present is burnt and expelled directly into the atmosphere.
The implementation of these projects is expected to not only support environmental developments of the local economy by preventing carbon dioxide emissions, but also boost the energy supplied by the Jiangsu network.
The agreement is part of Endesa’s climate change strategy which involves acquiring carbon credits by taking part in clean development mechanism projects carried out in developing countries.
The reductions obtained due to these projects are measured and verified by United Nations accredited bodies and may be used to meet European companies’ Kyoto Protocol greenhouse gas reduction targets.
