Omnia Holdings Limited - Omnia Successfully Obtains Registration Of New Nitric Acid PlantRelease Date: 13/08/2012 11:50:00 Code(s): OMN
OMNIA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1967/003680/06)
JSE code: OMN
OMNIA SUCCESSFULLY OBTAINS REGISTRATION OF NEW NITRIC ACID PLANT
Omnia today announced that the new nitric acid complex has been successfully registered
as a Clean Development Mechanism (CDM) project by the United Nations Framework
Convention on Climate Change (UNFCCC).
The methodology approved by UNFCCC and used in 2008 was not valid for nitric acid plants
built post 2005 and a new methodology was approved by the CDM Executive Board in June
2011. To participate in the current CER market, projects had to be registered with the
UNFCCC before 1 January 2013 and are estimated to take up to 18 months to complete.
Omnia successfully completed the registration of its second project in 10 months and is one
of three companies in the world to obtain approval under the new methodology. The new
nitric acid complex is designed to exacting world-class and ?green? standards and should
generate between 250 000 to 350 000 carbon credits annually, totaling approximately 650
000 to 730 000 CER?s per year for the two nitric acid facilities combined.
Omnia will prevent greenhouse gas emissions of approximately 500 000 tons of CO2
equivalent (CO2e) per year from the new facility. Annual emission reductions from both
projects is expected to be approximately 900 000 tons of CO2e and is set to increase to
1 150000 tons of CO2e at full capacity.
These remarkable achievements are a result of implementing the EnviNOx?technology at
both Omnia?s new and old nitric acid plants in Sasolburg, which eliminates 98% of
greenhouse gas emissions. The old nitric acid plant was registered as a Clean Development
Mechanism Project in terms of the Kyoto Protocol and commissioned during 2008. To date,
Omnia has been issued 1.75 million CER?s - approximately 400,000 CER?s per year - which
translates into 42% of the total issuance in Southern Africa.
The award winning EnviNOx?technology was developed by ThyssenKrupp UHDE in
?Investing in this state of the art technology has enabled Omnia to become a leading
contributor within the CDM framework and play a significant role in the reduction of
Greenhouse Gas Emissions in South Africa. We expect the Group to take an even bigger
share of the number of CER?s issued in South Africa in the near future due to the registration
of our second project,? said Rod Humphris, Omnia?s MD.
When the new plant is running at full capacity, waste steam from the production process
piped through a turbine generates approximately 50% of the total electricity demand for the
entire Sasolburg site, including both plants. This will substantially reduce power costs and
the effect of steep electricity price increases, while further reducing the Group?s carbon
13 August 2012
Issued by Brunswick: 011 502 7400
Taryn Wulfsohn 083 273 1301
For more information contact:
Rod Humphris, Omnia Group Managing Director (011) 709 8850
Notes to editors
The Kyoto Protocol is an international legally binding agreement. Industrialized countries that
are signatories are required to reduce their collective Greenhouse Gas emissions by an
average of 5.2% compared to 1990 emission levels. The Clean Development Mechanism
(CDM) process allows Non-annex One countries such as South Africa to trade CER
certificates with Annex One countries, such as Germany, Austria and Japan. CER?s are
issued by the Executive Board of the CDM of the United Nations Framework Convention on
Climate Change (UNFCCC) after a rigorous audit from an independent verification body.
Nitric acid, a raw material that is used in the manufacturing of fertilizer and mining explosives
is currently produced by Omnia at its Factory in Sasolburg. Emissions from the nitric acid
plant include Nitrous Oxide (N2O) and Nitrogen Oxides (NOx). Nitrous Oxide, although
currently not regulated by South African legislation, is classified as a Greenhouse Gas with a
Global Warming Potential estimated to be 310 times greater than that of Carbon Dioxide
(CO2). Greenhouse gas emissions, including Nitrous Oxide is believed to contribute towards
global climate change.
Date: 13/08/2012 11:50:00 Supplied by www.sharenet.co.za
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