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Petrotemex receives Carbon Bonds from UN
28
Dec '09
ALFA, S.A.B. de C.V. (ALFA) one of Mexico's largest industrial conglomerates, announced that its subsidiary Petrotemex has recently received its first Emission Reduction Certificates, also known as carbon bonds, issued by the United Nations (UN), thanks to its Energy Integration Program, that reduces 260,000 tons of CO2 emissions per year.

Regarding this achievement, Dionisio Garza Medina, ALFA's Chairman of the Board and CEO, noted: "We are very proud of the scope of this program which contributes to the preservation of the natural environment. It is an example of our commitment to social and environmental responsibility. I would also like to emphasize the efforts of our engineers, who designed and implemented a highly innovative system. It is the first project of its kind in the world. It included equipment of such dimensions and features as had never been produced.”

Petrotemex started this program in 2005, and in 2008 it was registered as a Clean Developing Mechanism within the UN Climate Change Convention Framework, being the first of its kind in Mexico. To implement the project, Petrotemex designed equipments to capture steams and other low quality gases generated by the company's production processes, and to reuse them to generate electricity, which substantially reduces emissions with the corresponding environmental benefits.

The granting by the UN of these carbon bonds is a recognition to Mexican technology and to ALFA's and Petrotemex's environmental responsibility.

Petrotemex

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