2009 GPIC Successful completion of CO2 Recovery (CDR) project at GPIC
GPIC is one of the first Petrochemical Companies in the Middle East to embark on a Carbon Dioxide Recovery (CDR) Project, to cut down green house gas (GHG) emissions and to improve overall efficiency of natural resources by enhanced production of Methanol and Urea in its complex. GPIC awarded the contract to Mitsubishi Heavy Industries (MHI) Japan, for the Carbon Dioxide Recovery Technology License and to Tecnimont ICB (TICB), Italy, for the Engineering, Procurement, Construction (EPC) for setting up the Carbon Dioxide Recovery Unit. The contracts were signed on 25th October 2007. The CDR Project construction work was inaugurated by HE. Mr. Yousef Al Zamel, GPIC Managing Director, on 27th August 2008. The Project was scheduled as a “Fast Track” project to achieve completion within 27 months to enable GPIC reaps the financial benefits of early completion.