RUSAL to participate in the sale of Emission Reduction Units under the Kyoto Protocol

Февраля 02, 2011

UC RUSAL, the world's largest aluminium producer, announces the inclusion of the "Reduction of perfluorocarbon (PFC) emissions at the Krasnoyarsk aluminum smelter (KrAZ)" project in the list of approved projects carried out in accordance with Article 6 of the Kyoto Protocol to the UN Framework Convention on Climate Change.

Approval of the project will allow RUSAL to exercise its right to sell Emission Reduction Units (ERUs). Total revenues from the sale of ERUs under this project could reach up to USD 15 million. The funds will be spent on implementing a number of environmental projects by the company.
The project to reduce PFC emissions at KrAZ for the period between 1 January 2008 to 31 December 2009 resulted in a reduction of greenhouse gas emissions totaling 464.5 tonnes of CO2 equivalent. This figure is verified by BUREAU VERITAS CERTIFICATION HOLDING SAS. The overall reduction of PFC emissions at KrAZ for the period 2008-2012 is expected to amount to 1.16 million tonnes of CO2 equivalent.
The project to reduce PFC emissions was launched at Krasnoyarsk Aluminium Smelter in 2006. It ensures a reduction in greenhouse gas emissions by reducing the frequency and duration of anode effects as a result of a number of organizational and technical measures undertaken in 24 potrooms at KrAZ.
RUSAL's partner on this project is Carbon Trade & Finance company (a joint venture between Gazprombank and Commerzbank), which acts as the buyer of ERUs generated and provides support for the project as a joint venture project, implemented in accordance with Article 6 of the Kyoto Protocol.