Alongside implementing reduction solutions, Tapio guides companies in selecting the highest quality carbon sequestration projects in line with their carbon budget and values.
Technology: Waste gas recovery
Price: 16.2 EUR/t CO2
This project aims to address some of the environmental issues that Shanxi province is facing by capturing large quantities of waste gas produced by blast furnaces at a local steel mill and converting it into green electricity, which is then recycled for use at the plant. The project improves local air quality by avoiding uncontrolled gas emissions, and a modernised water cooling system considerably reduces the water consumption of the plant.
Shanxi Province is known as China's coal pit as it contains roughly one-third of the country's total coal deposits. Shanxi is also home to some of the most polluted cities in the world and faces grave environmental problems, which are severely impacting its growing economy and the health of its inhabitants. Air pollution levels are particularly concerning, and rivers are also heavily contaminated with wastewater from the surrounding industry.
More than 150 new jobs for the local community have been created in thanks to the project, with all employees receiving technical training and wages above Chinese standards. The project benefits also extend to local communities, by offering financial support to older residents and university scholarships for students.