The production of nitric acid gives off N2O. The introduction of a catalyst in the production process is projected to destroy approximately 80% of the N2O that would otherwise be vented into the atmosphere.
The Kyoto Protocol provides an approved methodology pursuant to which the party that is responsible for abating the N2O is eligible to obtain 310 carbon credits for each ton of N2O abated.
The proposed project is expected to take approximately one year and three months from start to finish. Further negotiations and a feasibility study are required before a definitive agreement is reached.
Shlomi Palas, CEO of Blue Sphere, said: ”This MOU is the first step in our negotiations with this fertilizer plant in Kazakhstan. We believe that both Blue Sphere and the plant can make a huge difference in reducing the harmful emissions currently being generated.”
