Haycarb trades Carbon Credits under Kyoto Protocol
Haycarb PLC, the world's largest coconut shell based activated carbon
producer, has become one of the first companies in Sri Lanka to
successfully register and trade-in carbon credits under the Kyoto
Protocol. The Hayleys Group company has announced that it has obtained
approval to receive the first block of payment for over 4, 000 CER
(Certified Emission Reduction) credits generated during 2009-10.
The credits were awarded to Haycarb's Recogen plant situated in
Badalgama, the world's only pollution-free charcoaling plant, whose
environment-friendly coconut shell charcoaling process reduces
greenhouse gas emissions and also generates electricity that is supplied
to the national grid, contributing towards reducing fossil fuel driven
power generation in the country.
Haycarb Managing Director Rajitha Kariyawasan said: "This is a
significant milestone in our continuing efforts to progressively 'Green'
our operations. We are especially proud because Recogen is an example of
local engineering skills and innovation." Designed and implemented
in-house with local engineering and technical expertise, the Recogen
project has a patented process for 'Green Charcoaling.' The project
allows Haycarb to significantly reduce its carbon footprint, enabling
the company to claim that it produces the world's most 'green' activated
carbon with the lowest carbon footprint per ton of activated carbon
produced.
The Recogen plant converts coconut shell into charcoal in a
mechanised process that uses 'Pyrolysis' (carbonisation in the absence
of oxygen) and combusts the methane-rich gasses released, a major
pollutant, to run a steam turbine that produces electricity for the
national grid.
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