EKI Energy Services Lists India’s First Plastic Project with US-based Verra
Global carbon credits developer and supplier EKI Energy Services Ltd (EKI) has become the first ever company to list a Plastic Project from India under a global accreditation standard.
September 13, 2022. By Manu Tayal
This will be India’s first project to generate International Plastic Credits for collecting and recycling plastic wastes in the country. The move is expected to, further, inspire the plastic industry to increasingly recycle plastic and reduce landfills.
Moreover, the project ensures that plastic waste – predominantly Polyethylene Terephthalate (PET) waste, PET flakes and chips have been 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.
Commenting on the listing of the project, Manish Dabkara, CMD & CEO, EKI Energy Services Ltd, 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.
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