PTAI Announces Agreement with EUROFER to Benchmark CO2 Emissions Performance of European Steel Producers
BRUSSELS-(Business Wire)-September 14, 2009 - Phillip Townsend Associates, Inc. (PTAI) announced it has signed an agreement with the European Confederation of Iron and Steel Industries (EUROFER) to benchmark the CO2 emissions performance of European steel producers.
Since 2005, some 10 000 large industrial plants participate to a EU-wide carbon dioxide market. The so-called Emission Trading Scheme (EU ETS) enables companies which do not meet their individual CO2 caps to buy allowances from complying ones.
In December 2008, the European Union agreed to revise the EU ETS Directive to achieve steeper CO2 emissions cuts. The revised Directive (2009/29/EC), set to come into force in 2013, seeks to bring the EU industrial emissions to 21% below 2005 levels by 2020. It contains a provision supporting benchmarking as an allocation mechanism that is fair and preserves the European competitive positions.
PTAI will provide analytical support in developing the CO2 emissions benchmark methodology, collecting historical data for various steel processes, and validating and publishing results.
PTAI has over 17 years of benchmarking experience and currently benchmarks over 50 programs and 34 products worldwide. It has also executed over 60 energy and CO2 benchmarks for 30 different products for European companies. PTAI is also approved by the Energy Efficiency Benchmarking Verification Agency (VBE) in The Netherlands and the Flemish Verification Bureau on Benchmarking (VBBV) in Flanders as a qualified benchmarking expert that companies can use in support of the energy Covenants.
“We have multiple people on staff who have worked extensively on energy and CO2 issues over many years,” said Mark Eggleston, Director of European Operations. “Also, benchmarking is the only activity carried out by PTAI. We do not engage in improvement studies or follow-up consulting assignments which eliminates all potential for conflict of interest and also makes companies more willing to participate in our programs.”
EUROFER director general Gordon Moffat commented, “EUROFER is confident that the industry and benchmarking expertise of Phillip Townsend Associates and its track record of absolute confidentiality will enable steel companies’ to engage in this project and provide confidential data. Equally important, the Commission will be able to base its final decisions on steel benchmarks on high quality data which has been scrutinized and provided by an independent source of the highest standing and expertise.”
About PTAI
PTAI is an international benchmarking company headquartered in Houston, TX with global representation. PTAI has been in business since 1972 and has been carrying out a full spectrum of benchmarking services since 1992. PTAI has work in over 30 countries in a variety of industries. For more information please refer to PTAI website www.ptai.com.
About EUROFER
EUROFER was founded in 1976 and is located in Brussels. It is comprised of 60 steel companies and national steel federations in 23 EU member states and represents 100% of EU steel production with a turnover of about EUR 190 billion and direct employment of 420 thousand people, producing 200 million tonnes of steel per year. For more information please refer to EUROFER website www.eurofer.org.
If you would like additional information about this topic, please call Patricia Kwon at 281-873-8733, Ext. 108 or email Patricia at pkwon@ptai.com.
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