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Article: Philippines : Lucio Tan firm, Mitsubishi tie up for P100-million environment project.
- Article from:
- TendersInfo
- Article date:
- September 1, 2009
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Byline: Mamta03
Absolut Chemicals Inc., the alcohol company of taipan Lucio C. Tan, has partnered up with Mitsubishi Corp. of Japan for a Clean Development Mechanism (CDM) project at at Absolut s plant in Lian, Batangas.
Constructed in accordance with the 1997 Kyoto Protocol, the Absolut plant has been cited as a model for environmental responsibility.
The project is the Philippines first and largest CDM undertaking in the private sector and in the manufacturing industry.
The CDM plant complements Absolut s existing biological waste and water treatment facilities.
CDM is an arrangement under the Kyoto Protocol whereby ...