Holcim Philippines: Money to burn in the Philippines.

Holcim Philippines: Money to burn in the Philippines

The Philippines central bank, Bangko Sentral Ng Pilipinas (BSP), has traditionally removed national paper currency from circulation by shredding and dumping bank notes in a local landfill. But since BSP earned the ISO 14001 certification in October 2005, Holcim Philippines takes care of the job at its Davao co-processing plant.

Holcim Philippines burns money for the Davao city branch of BSP, turning potential waste into a win-win situation: the bank needs an accredited treatment facility, recognized by the Government, to remove worn-out bank notes from circulation without dumping them in landfills, and the Group company holds the certification from the Philippine Department of Environment and Natural Resources for waste treatment.

The Davao plant has already burned 50 tons of shredded bank notes since October 2005. The shredded notes are packed into 3kg plastic bags for co-processing, each with a calorific value of 3,820 kcal/ kg. The bags are then fed into the kiln at 0.5 tons per hour; no special handling is required. The average disposal fee is 3,000 Philippine pesos (US$60) per ton.

Co-processing the bank notes in its cement kiln as alternative fuel enables Holcim Philippines to reduce both emissions and the amount of waste dumped in local landfill sites. The contract between Holcim Philippines and BSP is renewed annually.

Furthermore, BSP has another co-processing contract with the Holcim Philippines plant in Bulacan, which for the past two years has been co-processing waste ink left over from printing money at BSP's central office. Negotiations for the co-processing of more shredded notes from other branches of BSP are currently underway.