At a time when China is trying to balance economy and environment, a large number of emission reduction measures are being implemented with the help of carbon finance.

Rich coal reserves made the region one of the places suffering most from the country’s economic boom but also a place for innovation in the industry, as this project shows. Antai, a steel mill in the heart of the province, decided to assume responsibility and act. By installing modern technology, training their workers and developing a carbon mitigation project according to the strict rules of the Gold Standard, they not only managed to reduce their CO₂ emissions but at the same time improved the life of local communities.

At Antai, employees receive salaries and social insurance packages (with medical insurance and a retirement fund) above Chinese standards, get regular training on safety and technical issues, and are even given educational grants. In addition, the company supports students from the region with scholarships and funds the local musical orchestra. And every local can already tell the success of the waste gas recovery project: the air has become much cleaner over the past years.

Technically, the project consists of two 25 MW steam turbine units and four 75t/h gas-fired boilers. The waste gas comes primarily from the facility’s blast furnaces, with some additional surplus gas from steel converters and coke ovens. The electricity and steam generated by the project are totally consumed in the steel mill’s production processes and thus reduce its power consumption from the grid. In the absence of the project, a large amount of combustible waste gas would be flared or even released directly to the atmosphere, polluting the air and contributing heavily to global warming.

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