•Lahore
Factor AG & Carbon Services:
CDM Projects in the Cement
Sector
Factor AG  Stauffacherstrasse 45  CH-8004 Zürich  Switzerland
Phone: +41 44 298 28 00  Fax: +41 44 298 28 99  [email protected]
Carbon Services (Private) Limted  Al-Maalik 19 Davis Road  Lahore Pakistan
Phone +9242-6313235 & 36  Fax +9242-6312959  www.carbon.com.pk
Contents
1. Factor Company Profile
2. CDM Projects in the Cement Industry
3. Factor Track Record
4. Factor Track Record in Cement
Page 2
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Factor AG
We advise on emissions trading – since 1999
Carbon Financing
Carbon Asset Development
Carbon Risk Management
Page 3
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Factor Consulting + Management
Page 4
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Factor Team
• Over 100 full time CDM and Carbon Finance Experts at Factor AG
• Operations include
-
Headquarters in Zurich, Switzerland
-
Subsidaries and Partner offices in:
- China
- India
- Brazil
- Romania
- Pakistan
- Germany
- USA
- Chile
- Russia
Page 5
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Track Record in a Nutshell
(as of June 2007)
Carbon Financing
Carbon Asset Development
• Executed transactions from
• Over 20 registered CDM
Projects
initial offering to final
contract
• Over 20 more at validation
• Transacted with the most
credible Buyers in the
market
• Over 15 Mt CO2 transacted
since 2004 with a market
value exceeding € 100
million
Page 6
• Over 60 projects under
development
• Total pipeline exceeding 20
Mt CO2 to 2012
CDM Projects in the Cement Sector
Factor AG & Carbon Services
We do business with leading global firms...
Page 7
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Contents
1. Factor Company Profile
2. CDM Projects in the Cement Industry
3. Track Record
4. Track Record in Cement
Page 8
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Approved Methodologies for Cement Projects
Methodology
Number
Description
Number of
registered
Projects
ACM5 (ver 3)
Increasing the blend in cement production
36
AM33 (ver 2)
Use of non-carbonated calcium sources in the raw
mix for cement processing
6
AM40 (ver 1.1)
Use of alternative raw materials that contain
carbonates in clinker manufacturing in cement kilns
1
ACM15
(consolidating AM33
and AM40)
Alternative raw materials that do not contain
carbonates for clinker manufacturing in cement
kilns
0
ACM3 (ver 7)
Emission reduction through partial substitution of
fossil fuels with alternative fuels in cement
manufacture
16
AM24 (ver 2)
Baseline methodology for greenhouse gas
reductions through waste heat recovery and
utilization for power generation at cement plants
11
Page 9
CDM Projects in the Cement Sector
Factor AG & Carbon Services
ACM0005 - Increasing the Blend in Cement Production
• Applicable for projects, that increase the share of additives (i.e. reduce
the share of clinker beyond current practices in the country)
• Additives are defined as materials blended with clinker to produce
blended cement types and include fly ash, gypsum, slag, etc.
• Applicable under the following conditions
-
There is no shortage of additives related to the lack of blending materials.
Project
-
Participants should demonstrate that there is no alternative allocation or use
for the additional amount of additives used in the project activity. If the surplus
availability of additives is not substantiated the project emissions reductions
(ERs) will be discounted.
-
This methodology is applicable to domestically sold output of the project
activity plant and excludes export of blended cement.
-
Adequate data are available on cement types in the market.
Page 10
CDM Projects in the Cement Sector
Factor AG & Carbon Services
ACM0015 - Using alternative raw materials in cement kilns
Applicable to
-
project activities that use alternative raw materials that do not contain
carbonates (AMC) in cement kilns for the production of clinker. The AMC
partially or fully substitutes raw materials that contain calcium and/or
magnesium carbonates (e.g. limestone).
-
existing as well as to greenfield plants
Under the following additional conditions:
-
Use of alternative materials shall increase neither the capacity of clinker
production nor the lifetime of equipment
-
Type and quality of produced clinker remain the same
-
Alternative raw materials have never been used in the clinker manufacturing
facility prior to the implementation of the project activity;
-
There is sufficient historical information about the clinker manufacturing
facility, the raw materials used, and energy performance of the kiln.
Is not applicable for the following activities:
-
Energy efficiency initiatives for improvements in process equipment (up-grade
towers, grinding separators, burners, expert control systems, etc.);
-
Fuel switching.
Page 11
See ACM0015 for more details.
CDM Projects in the Cement Sector
Factor AG & Carbon Services
ACM0003 - Partial substitution of fossil fuels with
alternative fuels or less carbon intensive fuels in cement
manufacture
Applicable to
• activities in the cement industry where fossil fuel(s) used in an existing
clinker production facility are partially replaced by one or more carbon
intensive fossil fuel(s) and/or alternative fuels.
The following conditions shall apply
-
A significant investment is required to enable the use of the alternative fuel(s)
and/or the less carbon intensive fossil fuel(s);
-
During the last three years prior to the start of the project activity, no
alternative fuels have been used in the project plant;
-
The CO2 emissions reduction relates to CO2 emissions generated from fuel
combustion only and is unrelated to the CO2 emissions from decarbonisation of
raw materials (i.e. CaCO3 and MgCO3 bearing minerals);
-
The methodology is applicable only for installed capacity (expressed in tons
clinker/year) that exists by the time of validation of the project activity.
-
In case of project activities using biomass residues, renewable biomass or
biomass from dedicated plantations, additional applicability conditions apply
Page 12
CDM Projects in the Cement Sector
Factor AG & Carbon Services
AM0024 - Waste Heat Recovery and Utilization for
Power Generation at cement plants
Applicable to project activities that use waste heat gas generated in clinker making
process (i.e. in the cement kilns) to produce electricity.
Applicable under the following conditions
-
The electricity produced is used within the cement works where the proposed
project activity is located and excess electricity is supplied to the grid; no
electricity export to the grid in the baseline scenario (in case of existing captive
power plant);
-
Electricity generated under the project activity displaces either grid electricity
or from an identified specific generation source. Identified specific generation
source could be either an existing captive power generation source or new
generation source;
-
The grid or identified specific generation source option is clearly identifiable;
-
Waste heat is only to be used in the project activity, etc.
NOT applicable to project activities
-
Where the current use of waste heat or the identified alternative business as
usual use of waste heat is
-
located outside of the clinker making process
-
that affect process emissions from cement plants.
Page 13
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Contents
1. Factor Company Profile
2. CDM Projects in the Cement Industry
3. Factor Track Record
4. Factor Track Record in Cement
Page 14
CDM Projects in the Cement Sector
Factor AG & Carbon Services
stru-
Factor Track Record:CDM Projects
Function
ent
obal Mandates
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
Volume
Vintages
Host Country
Project Type
t CO2e
300'000
61'000
500
960'000
5'000
1'900'000
1'300'000
1'300'000
162'000
105'000
200'000
120'000
840'000
90'000
50'000
210'000
21'000
150'000
180'000
210'000
810'000
360'000
189'000
90'000
300'000
Page 15
300'000
84'000
2005-11
India
2005-12
India
2004-13
Costa Rica
2008-12
Costa Rica
2005-11
India
2005-12
Brasil
2005-12
Brasil
2006-12
Brasil
2004-12
India
2004-12
India
2005-12
India
2005-12
India
2007-12
India
2005-12
India
2006-12
India
2007-12
India
2008-12
India
2008-12
India
2007-12
India
2007-12
India
2006-12
India
2007-12
India
2007-12
India
2007-12
India
2007-12
India
CDM
Projects
in
the
Cement
2007-12
India Sector
Factor
AG
&
Carbon
Services
2007-12
India
Biomass energy
Biomass energy
Biomass energy
Landfill gas
Solar energy
Landfill gas
Landfill gas
Landfill gas
Hydro
Hydro
Hydro
Hydro
Hydro
Biomass energy
Hydro
Hydro
Hydro
Hydro
Hydro
Biomass energy
Biodiesel
Energy efficiency
Biodiesel
Energy efficiency
Hydro
Hydro
Hydro
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
nstruFunction
ER
Broker
ment
ER
Broker
ER
Broker
lobal Mandates
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
PDD
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
ER
Broker
Broker
ER
PIN
ER
ER
ER
ER
ER
150'000
180'000
210'000
810'000
360'000
Volume
189'000
t90'000
CO2e
300'000
300'000
61'000
84'000
500
315'000
960'000
105'000
5'000
270'000
1'900'000
840'000
1'300'000
350'000
1'300'000
450'000
162'000
105'000
1'015'000
200'000
560'000
120'000
280'000
840'000
280'000
90'000
105'000
50'000
140'000
210'000
0
21'000
315'000
150'000
525'000
180'000
210'000
400'000
810'000
92'000
360'000
150'000
189'000
400'000
90'000
120'000
300'000
50'000
300'000
50'000
84'000
300'000
315'000
105'000
20'000
2008-12
2007-12
2007-12
2006-12
2007-12
Vintages
2007-12
2007-12
2007-12
2005-11
2007-12
2005-12
2007-12
2004-13
2008-12
2008-12
2008-12
2005-11
2008-12
2005-12
2007-12
2005-12
2006-12
2006-12
2006-12
2004-12
2004-12
2007-12
2005-12
2007-12
2005-12
2009-12
2007-12
2008-12
2005-12
2008-12
2006-12
2009-12
2007-12
2006-12
2008-12
2009-12
2008-12
2009-12
2007-12
2007-12
2008-12
2006-12
2007-12
2007-12
2007-12
2007-12
2008-12
2007-12
2007-12
2007-12
2008-12
2007-12
2007-12
2007-12
2008-12
2008-12
2007-2012
India
India
India
India
India
Host Country
India
India
India
India
India
India
Costa India
Rica
Costa India
Rica
India
India
Brasil
India
Brasil
India
Brasil
India
India
India
India
India
India
India
India
India
India
India
India
India
India
India
India
India
India
Mali
India
Switzerland
India
China
India
China
India
Brazil
India
Indonesia
India
Indonesia
India
Argentina
India
India
Nepal
Factor Track Record:CDM Projects
Broker
Broker
Broker
Broker
Broker
270'000
840'000
350'000
Page 16
450'000
1'015'000
2008-12
India
2007-12
India
2006-12
India
CDM Projects in the Cement Sector
2006-12
India
Factor AG & Carbon Services
2007-12
India
Hydro
Hydro
Biomass energy
Biodiesel
Energy efficiency
Project
Type
Biodiesel
Energy efficiency
Hydro
Biomass energy
Hydro
Biomass energy
Hydro
Biomass
energy
Energy
efficiency
Landfill
gas
Fuel switch
Solar energy
Hydro
Landfill gas
Hydro
Landfill
gas
Hydro
Landfill
gas
Hydro
Hydro
Hydro
Biomass energy
Hydro
Biomass energy
Hydro
Biomass energy
Biomass energy
Hydro
Hydro
Hydro
Hydro
Fuel switch
Hydro
Hydro
Hydro
Hydro
Biomass
Fuel energy
switch
Biodiesel
Biomass
energy
Energy efficiency
Hydro
Biodiesel
Hydro
Energy efficiency
Fuel switch
Hydro
Energy efficiency
Hydro
Landfill
gas
Hydro
Biomass
energy
Energy
efficiency
Fuelenergy
switch
Solar
Hydro
Hydro
Hydro
Hydro
Hydro
est
blic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia,
er
Factor Track Record:CDM Projects
139'000
60'000
150'000
500'000
200'000
5'000'000
300'000
200'000
1'000'000
175'000
600'000
200'000
650'000
238'000
247'000
40'000
140'000
145'000
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
Romania
Romania
Romania
Romania
Romania
Romania
Estonia
Estonia
Bulgaria
Bulgaria
Bulgaria
Bulgaria
Czech Republic
Czech Republic
Slovak Republic
Poland
Poland
Lithuania
Fuel Switch, En.eff.
Energy efficiency
Energy efficiency
Energy efficiency
Biomass energy
N2O
Methane recovery
Biomass energy
Biofuel, transportation
Biofuel, energy efficiency
Landfill gas
Methane recovery
Dist. Heating, Geotherm
Fuel Switch, En.eff.
Energy efficiency
Energy efficiency
Energy efficiency
Energy efficiency
orth-East
rus (Kazakhstan)
1'380'000
1'800'000
Cement Sector
2004-12 CDM Projects in theRussia
Factor AG & Carbon Services
2008-12
Russia
Page 17
Methane recovery
Methane recovery
West
FactorHungary,
TrackLatvia,
Record:
CDM
Projects
public, Estonia,
Lithuania,
Poland,
Romania, Slovakia, Slovenia,
ker
D
D
139'000
60'000
150'000
500'000
200'000
5'000'000
300'000
200'000
1'000'000
175'000
600'000
200'000
650'000
238'000
247'000
40'000
140'000
145'000
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
Romania
Romania
Romania
Romania
Romania
Romania
Estonia
Estonia
Bulgaria
Bulgaria
Bulgaria
Bulgaria
Czech Republic
Czech Republic
Slovak Republic
Poland
Poland
Lithuania
Fuel Switch, En.eff.
Energy efficiency
Energy efficiency
Energy efficiency
Biomass energy
N2O
Methane recovery
Biomass energy
Biofuel, transportation
Biofuel, energy efficiency
Landfill gas
Methane recovery
Dist. Heating, Geotherm
Fuel Switch, En.eff.
Energy efficiency
Energy efficiency
Energy efficiency
Energy efficiency
North-East
arus (Kazakhstan)
1'380'000
1'800'000
Cement Sector
2004-12 CDM Projects in theRussia
Factor AG & Carbon Services
2008-12
Russia
Page 18
Methane recovery
Methane recovery
w
w
w
40'000
140'000
145'000
Factor
Track
2008-12
2008-12
2008-12
Record:
CDM
Poland
Poland
Lithuania
Projects
Energy efficiency
Energy efficiency
Energy efficiency
Russia
Russia
Russia
Russia
Russia
Russia
Russia
Russia
Russia
Ukraine
Ukraine
Ukraine
Ukraine
Ukraine
Belarus
Kazakhstan
Kazakhstan
Methane recovery
Methane recovery
Methane recovery
Flaring
Flaring
Industrial energy efficiency
Dist. Heating, fuel switch
Energy efficiency
Gas capture
Gas capture
Power, energy efficiency
Gas capture
Wind energy
Industrial energy efficiency
Energy efficiency
Hydro power
Solar energy
e North-East
elarus (Kazakhstan)
1'380'000
1'800'000
2'700'000
600'000
2'800'000
780'000
465'000
r
280'000
r
960'000
2'200'000
990'000
590'000
620'000
200'000
500'000
350'000
50'000
2004-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2008-12
2004-12
2008-12
2008-12
e South-East
Azerbaijan, Georgia, Kyrgyz Republic, FYR Macedonia, Moldova, Turkmenistan,
a and Herzegovina, Serbia
and
Tajikistan)
Page
19 Montenegro,
CDM Projects
in the Cement Sector
Factor
AG
& Tajikistan
Carbon Services
r
500'000
2006-12
Hydro
2004-12
2008-12
2008-12
500'000
350'000
50'000
Factor
e South-East
Belarus
Kazakhstan
Kazakhstan
Track Record: CDM Projects
Energy efficiency
Hydro power
Solar energy
Azerbaijan, Georgia, Kyrgyz Republic, FYR Macedonia, Moldova, Turkmenistan,
ia and Herzegovina, Serbia and Montenegro, Tajikistan)
Hydro
Tajikistan
2006-12
500'000
r
Hydro
Tajikistan
2005-12
350'000
r
BioEthanol
Moldova
2007-12
0
r
Hydro
Uzbekistan
2006-2012
1'000'000
Power, energy efficiency
Uzbekistan
2006-2012
1'800'000
Heating, energy efficiency
Uzbekistan
2006-2012
120'000
Hydro power
Uzbekistan
2006-2012
900'000
Lightning efficiency
Uzbekistan
2006-2012
500'000
Transportation, fuel switch
Uzbekistan
2006-2012
500'000
Uzbekistan Dist.Heating, energy efficiency
2006-2012
350'000
Energy efficiency
Kyrgyz Republic
2005- 2012
20'000
Housing
Kyrgyz Republic
2006-2012
100'000
Biomass energy
Kyrgyz Republic
2006-2012
300'000
or expected
IJ executed51'118'500
mulation
Page 20
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Contents
1. Factor Company Profile
2. CDM Projects in the Cement Industry
3. Factor Track Record
4. Factor Track Record in Cement
Page 21
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Factor Track Record in Cement (cont.):
CDM Projects
• China: Developed 3 CDM projects for power generation from kiln waste
heat, and purchased the resulting carbon credits (ongoing).
• My Home Cement, India: Developed CDM-PDD for fly ash blending
project and supported sale of carbon credits (ongoing).
• Wietersdorfer + Peggauer Cement, 2003 (Austria): Prepare
comprehensive strategy on CO2 emissions trading in Europe, including:
Analysis of impacts of EU ETS on Austrian and European cement and lime
markets; evaluation of a planned capacity expansion project;
establishment of CO2 abatement cost curve; recommendations for policy
lobbying.
• Holcim, 2003: Study on CO2 emissions associated with global freight
transport of clinker and cement.
• Holcim, 2003: Study GHG emissions intensity of different building
materials, taking into account differences in amount of material required
per construction unit.
• Holcim: Supported PDD development for projects in Costa Rica,
Indonesia
Page 22
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Factor Track Record in Cement (cont.):
CDM Projects
• Japan Cement Association: In the context of the Asia Pacific
Partnership for Climate Protection (AP6), Factor supported the Japan
Cement Association in developing a protocol for the calculation of CO2
emissions in the cement industry. The Protocol will be used by cement
companies in all AP6 countries for inventorying their CO2 emissions.
• Confidential Client: Supported identification and selection of CDM
projects in cement plants in South- and Southeast Asia (India, Indonesia,
Thailand, Vietnam).
• Confidential Client: Supported the revision of a baseline methodology
and project design document (PDD) for a proposed CDM project in
Central America.
• GTZ, India: Developing CDM methodology for cement sector in India
based on benchmarking principle. In cooperation with Indian Cement
Manufacturing Association (CMA) and National Council for Cement and
Building Materials (NCB) (ongoing).
Page 23
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Factor Track Record in Cement (cont.):
CDM Projects
• Cembureau: Supported comprehensive CO2 benchmarking exercise for
all cement plants in Europe (ongoing).
• Cembureau, Heidelberg Cement, Holcim, Italcementi, Lafarge
(2002): Evaluation of mechanisms for allocation of CO2 emissions
allowances in the EU emissions trading scheme. Quantitative analysis of
allowance mechanisms with respect to impacts on European cement
markets.
• WBCSD Cement Sustainability Initiative (CSI), 2000-01: Cement
CO2 Protocol. Factor AG was responsible for developing the CO2 Protocol
guidance document and Excel-based calculation tool in accordance with
the decisions taken by the CSI group. The Protocol is available at
www.ghgprotocol.org.
• Confidential Client: Benchmarking of 700 cement companies worldwide
with respect to emissions of local air pollutants, using publicly available
data.
Page 24
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Factor Track Record in Cement (cont.):
CDM Projects
• WBCSD Cement Sustainability Initiative (CSI): Revision of Cement
CO2 Protocol. In the CSI, a group of 15 leading cement companies
cooperate on global sustainability issues including climate change. The
CSI group comprises, among others, the following companies: Cemex,
HeidelbergCement, Holcim, Italcementi, Lafarge, RMC, and Secil. Factor
AG is mandated to provide support in revising the Cement CO2 Protocol.
The Protocol comprises a monitoring and reporting standard and an
Excel-based calculation tool for CO2 emissions in the cement industry.
The Protocol has become part of the Corporate GHG Protocol developed
by the WBCSD and the World Resources Institute.
• German Technical Cooperation (GTZ), 2004-05: We have conducted
a series of awareness building workshops on climate change and the CDM
project development for the cement, pulp and paper, and power sectors
and provided in-depth training for the largest petrochemical company in
India. Through this mandate, we provide continued support to several
cement companies in preparing CDM project documentation.
Page 25
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Factor Track Record in Cement (cont.):
CDM Projects
• CDM Executive Board & Methodologies Panel of the UNFCCC,
2004-06: Reviewed the baseline methodologies of the following CDM
projects in the cement industry:
- Birla project for increased blending, India
- Lafarge project for increased use of biomass fuels, Malaysia
- Indocement project for increased blending, Indonesia
- Indocement project for increased use of alternative fuels, Indonesia
- Taishan project for power generation from waste heat, China
– Grasim methodology for energy efficiency improvement in cement
plants
Page 26
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Factor Track Record in Cement (cont.):
CDM Methodologies
• India:
-
Developing new CDM methodology for cement based on benchmarking
(ongoing)
-
In cooperation with Cement Manufacturer’s Association (CMA) and National
Council for Cement and Building Materials (NCB)
• Holcim:
-
Supported CDM methodology for new cement kilns
• CDM Executive Board / UNFCCC:
-
Reviewed various cement-related methodology submissions for the CDM-EB
Page 27
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Factor Track Record in Cement (cont.):
Corporate Strategies
• WBCSD / CSI Cement CO2 Monitoring and Reporting Protocol
-
CSI is a group of 15 leading cement companies (Holcim, Lafarge, Cemex,
Heidelberger, Italcementi, Secil, etc.)
-
Factor supported the development of the CO2 monitoring and reporting protocol
for the CSI (2001 / 2004)
-
This protocol is today the widest-used protocol in the cement industry globally
• Cembureau:
-
Factor is supporting a CO2 benchmarking exercise covering all cement plants in
Europe (ongoing)
• Asia-Pacific Partnership for Climate (AP6):
-
For Japan Cement Association, Factor supported development of a protocol to be
used for CO2 benchmarking among AP6 members
Page 28
CDM Projects in the Cement Sector
Factor AG & Carbon Services
Contact Details
Factor Consulting + Management AG
Stauffacherstrasse 45  CH-8004 Zurich  Switzerland
Phone +41 44 298 28 00  Fax +41 44 298 28 99 
www.factorglobal.com
Carbon Services (Private) Limted
Al-Maalik 19 Davis Road  Lahore Pakistan
Phone +9242-6313235 & 36  Fax +9242-6312959 
www.carbon.com.pk
Page 29
CDM Projects in the Cement Sector
Factor AG & Carbon Services
THANK YOU
Page 30
CDM Projects in the Cement Sector
Factor AG & Carbon Services