Rhodia receives the first European Emission Reductions Unit (ERU)
News release
Paris (France), May 20, 2009 --- Rhodia has received the first Emission Reduction Units (or ERU) generated in Europe, coming from a greenhouse gas emission reduction project located in its French industrial site of Salindres. This project, which started in August 2008, will enable an average annual reduction of about 200 000 tons of CO2 equivalent over the 2009-2012 period.
After the development of projects in South Korea and Brazil under the Kyoto Protocol Clean Development Mechanism, Rhodia used its expertise to achieve its first domestic greenhouse gas emissions reduction project in France. The Salindres industrial site has actually reduced its emissions of greenhouse gases listed by the climate convention of ONU (UNFCCC*). All ERUs coming from this project and validated by an independent auditor will be sold by ORBEO, a joint-venture equally owned by Rhodia and Société Générale.
“Rhodia keeps developing innovative solutions to tackle climate change efficiently. Thanks to the Salindres project, the group confirms to be ahead in terms of greenhouse gas emission reduction project development. Rhodia’s know-how combined with ORBEO’s expertise on CO2 markets enabled the achievement of this project in less than a year”, says Philippe Rosier, President of Rhodia Energy Services and ORBEO.
* United Nations Framework Convention for Climate Change
Rhodia is an international chemical company resolutely committed to sustainable development. As a leader in its businesses, the Group aims to improve its customers’ performance through the pursuit of operational excellence and its ability to innovate. Structured around six Enterprises, Rhodia is the partner of major players in the automotive, electronics, flavors and fragrances, health, personal and home care markets, consumer goods and industrial markets. The Group employs around 14,500 people worldwide and generated sales of €4.8 billion in 2008. Rhodia is listed on Euronext Paris.
For further details, please visit our institutional website at www.rhodia.com
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