Middle East Economic Survey

VOL. LI

No 30

28-July-2008

REGIONAL

GPIC, Masdar Sign Carbon Emission Reduction Agreement

Bahrain-based Gulf Petrochemical Industries Company (GPIC) announced on 24 July that it has signed an agreement with Abu Dhabi-based Masdar to monetize the emission reduction associated with CO2 capture and recycling at GPICs fertilizer plant in Bahrain, under the Kyoto Protocols Clean Development Mechanism (CDM). The project, which will capture carbon dioxide from flue gas and...