EKI Energy Services Ltd lists India's first Plastic Project

EKI Energy Services Ltd. (EKI), a leading carbon developer and supplier across the globe, today announced that it has become the first ever company to lists a Plastic Project from India under a global accreditation standard.

With this, the Indore based carbon credit expert that has been working in the realm of climate action and offset solutions since the last 14 years across 16 countries, has become the first ever to list a Plastic Project from the country with an aim to generate India's first ever International Plastic Credits.

The project ensures that plastic waste - predominantly Polyethylene Terephthalate (PET) waste, PET flakes and chips is duly sourced and recycled to produce Recycled Polyester Staple Fibre (RPSF) that can be further used in the textile industry for garments and other fabric based utility products.

Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. (EKI) said, "Today, majority of the plastic waste in the country end up either in landfills or is burnt, both of which leak toxic and poisonous chemicals into the environment, adversely affecting the climate. A structured plastic project enables this waste to be collected and recycled in a safe manner, enabling the waste to be transformed into safe to use fabric. As we are empowering such projects to get listed and consequently generate additional revenues, it will inspire many more projects in the country to scale their recycling activities in a structured manner for Plastic Credits Finance that can facilitate and promote greater climate action. Such a value chain will also empower all stakeholders of the collection and recycling process - starting from the rag pickers to recycling facilities. We are delighted to enable the plastic industry in this quest to increasingly contribute to climate action".

The plastic project has been listed under the Plastic Waste Reduction Standard of Verra - the Washington based accreditation that is a cornerstone standard globally for the implementation of various climate projects. Verra enabled the listing of plastic projects a year back and today EKI has become the first company to accomplish this milestone of listing India's first ever-plastic project for plastic waste mitigation certifications. For more information, click here: https://verra.org/.

EKI continues to enable climate projects across India to generate credits for their contribution in reducing carbon from the atmosphere. With its global leadership and deep expertise, EKI can empower all projects in the country to seamlessly generate additional revenues through climate finance. EKI offers end-to-end strategic solutions enabling customers to future proof their climate action roadmap and ESG mandates. With a step-by-step guide to enable this transition and journey to net-zero, EKI offers a comprehensive bouquet of solutions enabling organizations across the world to fast track their climate ambition(s). EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. For more details, log on to www.enkingint.org

Source : Equity Bulls

Keywords

EKIEnergyServices PlasticProject GlobalAccreditationStandard Listing