IRPC Plc., Thailand’s leading integrated petrochemical company, today announced it is allying with GE Energy and General Carbon to register a proposed cogeneration power plant at its petrochemical complex in Rayong province as a milestone Clean Development Mechanism (CDM) project. IRPC will invest US$200 million to improve the efficiency of its power plant in Rayong, Thailand shifting from fuel oil to a gas-combined cycle system to cut carbon emissions by 400,000 tonnes per year.

The proposed cogeneration plant would be powered by six Frame 6B gas turbines supplied by GE Oil & Gas and would provide a cleaner source of power and steam for IRPC’s operations. Under the MOU, General Carbon plans to develop the project design document and manage the CDM process through to registration with the CDM’s executive board. General Carbon will also facilitate the monetization of the carbon credits for IRPC if the natural gas cogeneration plant is successfully registered.

Links to coverage

http://www.genewscenter.com/content/detail.aspx?ReleaseID=8567&NewsAreaID=2

http://www.bangkokpost.com/business/economics/25383/irpc-invests-200m-in-plant-efficiency

http://che.com/business_and_economics/latest_news/IRPC-seeks-milestone-emissions-reduction-status_5181.html