Sabban Property Investments launches second phase of carbon-offset initiatives in China

Published January 15th, 2008 - 01:55 GMT

Sabban Property Investments (SPI) has announced the second phase of its carbon offset initiative, which includes a Waste Heat Recovery Plant and Wind Farm Project in China, which are set to offset 50 per cent of the carbon emissions from the construction of the AED 1 billion Sabban Towers. The Quzhai Waste Heat Recovery plant and Saihanba Wind Farm project in China form the second phase of the carbon offset program initiated by SPI in 2006, when it announced plans to make the Sabban Towers the first Carbon Neutral development in the region by reducing emissions by over 14% per cent and offsetting all unavoidable emissions after signing with The Carbon Neutral Company.

 

The Quzhai Project captures and uses waste heat to generate electricity at a cement production facility in the northern province of Hebei. Considering the fact that cement production is highly polluting, contributes to climate change and generates heat and air pollution, SPI has identified this project as a key part of its carbon-offset strategy. Through this project, SPI will offset a further 18,925 tonnes of CO2 and also help improve the air quality for local residents as well as producing cement in a way that burns less fossil fuel and is a lot less damaging to the environment.

 

"As well as reducing their global carbon footprint, all projects positively contribute to the local environment and the sustainability of local communities. In addition all of our offset projects, as a minimum, are verified by organisations accredited by the United Nations Framework Convention on Climate Change. In July 2007, SPI's first phase of offset projects was launched and 19,000 tonnes of greenhouse gas emissions were offset in projects in Uganda, New Zealand and Jamaica," said John Browne MBE, Managing Director, SPI. "It is vital to find ways to improve sustainability and reduce waste in the construction sector and we believe that this project is very appropriate in achieving those aims."

 

A further 19,000 tonnes have been offset through The Saihanba Wind Farm project, located in the Mongolian Autonomous Region of China, and consisting of 36 wind turbines, which have a capacity to generate electricity up to 30.6 mega watts. The overwhelming reliance of coal-generated electricity, which comprises 80 per cent of the country's power supply, was one of the motivating factors prompting SPI to support technology that provides cleaner energy by taking advantage of the abundant wind resource present at the site. Aside from decreasing atmospheric pollution, the wind farm is also expected to accelerate the commercialization of grid connected renewable energy technologies, and has created local employment opportunities during the assembly and installation phase and for the continuing operation of the turbines.

 

"As the world's number two consumer of oil and top producer of coal, China has begun to recognise the potential of wind power and has shown keenness in developing its production of energy from renewable sources to clean its skies. Our dedication towards promoting the 'green trend' among corporate citizens and private individuals across the globe through significant carbon offset and environmental friendly initiatives, has led to our decision to lend a hand in China's movement towards environmental protection through our support for the state-of-the-art facilities in Hebei and the Mongolian Autonomous Region. Through the implementation of these projects, we are on track towards our goal of making the Sabban Towers the first carbon neutral development in the region," said Browne.

 

SPI had recently signed a corporate membership agreement with Emirates Wildlife Society - World Wildlife Fund (EWS-WWF), the UAE project office of the worldwide conservation group. Through this strategic partnership, the developer will employ the worldwide environmental group's extensive local and global knowledge and expertise to develop, and continually improve their CSR initiatives. Further, SPI is also a member of Emirates Environmental Group who spearheaded the 'Plant a Million Tree Campaign'; and SPI was an active participant in WWF's project, the 'Save the Ghaf Tree Campaign' with aims to save the endangered native tree.

 

"The present boom in the construction and property development sector in the region has benefited a large number of investors and developers. However, it is an undisputed fact that large-scale developments produce greenhouse gas emissions that contribute to climate change. As such, responsible businesses and individuals need to do their part to address the enormous challenges of climate change and waste management. We are proud that SPI is leading the way in environmentally friendly projects and we are now looking forward to the launch of the third phase of our global campaign to complete our carbon offset process," concluded Browne.


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