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Central America’s first renewable biomass producer brings over

60,000 carbon credits to market with the Pond Foundation

-Central America’s first renewable biomass producer brings over 80,000 carbon credits to market with the Pond Foundation.

Geneva, April 26th, 2020: Pelletics, the Costa Rican-based biomass energy producer, is the latest company to join the Pond Foundation, a not-for-profit dedicated to removing carbon from the atmosphere.

Each year, Costa Rica produces more than 1.2 million tonnes of wood, 40 per cent of which ends up as waste. Founded in 2010, Pelletics takes this wood and other agricultural waste from sawmills and cassava cultivation and turns it into high energy density fuel pellets. This fuel replaces fossil fuels such as petroleum coke, bunker, diesel and LPG Gas with the Pelletics plant able to produce 2,000 tonnes of pellets per month.

The Pond Foundation manages My Carbon Zero, an initiative established to help firms and individuals take immediate, serious, and credible climate action, through four simple actions:

  • Reduce their own emissions

  • Reduce emissions elsewhere without offsetting

  • Remove their lifetime carbon emissions from the atmosphere

  • Inspire others to join the journey

The My Carbon Zero initiative helps companies deal not just with today’s emissions, but with their ‘legacy’ emissions – all the carbon they’ve emitted since their inception – and helps them develop and implement a strategy to take the strongest climate action possible.

My Carbon Zero has determined Pelletics’ Carbon Balance since its inception in 2010 to be nearly 19,000 tCO2e. This is calculated according to the principles laid out in the Greenhouse Gas Protocol – Scope 1, 2 and 3 – and in alignment with ISO14064, the global standard for determining a company’s carbon balance.

However, during this process, the Pond Foundation was also able to prove and quantify the amount of carbon that Pelletics’ operations have prevented being released into the atmosphere.

As Pelletics’ clients have switched to burning waste wood pellets rather than fossil fuels, Pelletics is responsible for preventing 82,624 tCO2e being released into the atmosphere. Pelletics can now introduce these carbon reduction credits to the market for investment.

Commenting on news, Juan Sauma, Pelletics Founder and CEO, said: “We know that using our pellets in place of fossil fuels helps our clients significantly reduce their carbon output while reducing their fuel costs.

“Now that this benefit has been formally quantified, our clients can be more accurate in accounting for their own carbon reduction efforts, and we can offer these carbon credits to other organisations seeking to invest in carbon reduction projects like ours.

“Working with the Pond Foundation has not only given us clarity and action points on our own emissions, but it has also given our clients the reassurance they need that working with Pelletics significantly reduces the level of carbon being released into the atmosphere.”

Pelletics’ pellets are used more widely than simply for fuel. They are also used for wood for cooking, for cat litter and even for composting.

“Pelletics are a great example of a company that is having a real-world carbon benefit for their clients and for the rest of us,” said Scott Poynton, founder and CEO of The Pond Foundation.

“Preventing the release of over 80,000 tonnes of carbon into the atmosphere is a huge achievement for what is still a relatively small business. We hope that the clarity we have been able to provide around that impact and the calculation of their carbon credits will mean that Pelletics will continue to prosper and be in a position to support even more businesses in Central America.”

About My Carbon Zero

My Carbon Zero is an initiative of The Pond Foundation, a Swiss based, global non-profit. The Foundation exists to change the way the world acts on climate change. My Carbon Zero is our signature climate action program, created to inspire people and organizations to take their own strong, credible, climate action.

For more information, please visit https://mcz.thepondfoundation.org/

For more information contact:

Scott Poynton, Founder, The Pond Foundation & My Carbon Zero

scott@thepondfoundation.org

+41 79 44 56 277

About Pelletics

Pelletics is the first Central American company dedicated to the production of renewable energy from wood pellets and environmentally friendly products such as cat litter and others. We are promoting a circular economy in Costa Rica through innovation and supreme quality.

For more information, please visit www.pelletics.com

 

For more information contact:

Juan Sauma, Founder and CEO, Pelletics

juan@pelletics.com  

+506 8980-8386