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ARMSTRONG INTERNATIONAL SECURES UNITED NATIONS APPROVAL FOR FIRST ENERGY EFFICIENCY METHODOLOGY RESULTING IN MARKETABLE CO2 EMISSIONS CREDITS UNDER KYOTO PROTOCOL
STUART, Fla. – Armstrong International, Inc., a world leader in intelligent system solutions for steam, air and hot water energy applications, has secured approval from the United Nations Framework Convention on Climate Change (UNFCCC) for its steam system efficiency methodology. This is the first efficiency methodology approved for international trading of resultant carbon dioxide (CO2) emissions under the Kyoto Protocol.
The Kyoto Protocol, an international agreement reached in 1997 in Kyoto, Japan, sets binding targets for the reduction of greenhouse-gas emissions by industrialized countries. The Clean Development Mechanism (CDM), a procedure of the Kyoto Protocol, allows developed countries to finance projects that avoid greenhouse-gas emissions in developing countries and thereby receive credits toward mandatory limits on their own emissions.
The Armstrong methodology can be applied to any steam system and meets the test to ensure that the carbon dioxide savings would not have occurred without the optimization project.
“At today’s energy prices, and in light of the need to reduce CO2 emissions, steam system improvements deliver a twofold benefit,” said Douglas V. Bloss, Armstrong’s corporate vice president. “First, an optimized steam system quickly provides steam energy savings, resulting in impressive returns on investments. Second, when our customers add the revenue from their sale of CO2 credits, we have a strategy with extraordinary economics and corporate goodwill.”
Armstrong engineered, constructed and financed a $2.5 million steam system optimization project at a refinery in northeast China to demonstrate the methodology. The result was a positive cash flow from the steam energy savings and the reduction of 40,000 tons of CO2 emissions annually.
The Armstrong methodology underwent 18 months of review under a complex UNFCC approval process. Washington, D.C.-based CDM developer Quality Tonnes assisted with the process. “The partnership of Armstrong International and Quality Tones was formed to assist organizations through the complex process of establishing a CDM project,” Bloss said. “This partnership enables organizations to discover marketable project inefficiencies, plan, finance and implement projects as well as broker the resulting credits,” Bloss added.
About Armstrong International
Armstrong International, Inc. (AII), founded in 1900, is a privately held, U.S. multinational manufacturer of intelligent system solutions for steam, air and hot water energy applications. Headquartered in Stuart, Fla., it operates sales, manufacturing and seminar facilities around the world. More information can be found at www.armstronginternational.com
