EcoSolutions Recycling, Inc. successfully obtains validation of its domestic refrigerators and freezers recycling project under the mechanisms and rules of the Verified Carbon Standard (VCS) Français
LAVAL, QC, Aug. 8, 2012 /CNW Telbec/ - EcoSolutions Recycling, Inc. (ESR) proudly announces that it successfully obtained validation of its domestic refrigerators and freezers recycling project under the mechanisms and rules of the Verified Carbon Standard (VCS) and its brand new protocol targeting ozone depleting substances (ODS), the «Recovery and Destruction of Ozone-Depleting Substances from Products, Methodology VM0016», allowing ESR to obtain greenhouse gas (GHG) emission reduction credits on the voluntary market, or Verified Carbon Units (VCU). ÉcoRessources, Inc. assisted ESR in this process.
ESR is one of the first companies in the world to obtain this validation for a project including both ODS extracted from the refrigerant system and those used as blowing agents, trapped in domestic refrigerators' and freezers' insulating foam. ESR's project is one of the most important of its kind in North America, the first to obtain validation for the destruction of the ODS contained in insulating foam, and the most important VCS project in Québec, in terms of GHG emissions annual reduction, to obtain this validation.
This validation naturally follows ESR's implementation of the first plant in North America to effectively and optimally extract ODS from the refrigerant system as well as the insulating foam and compressor oils, while recycling more than 95% of appliance components. The ODS collected, commonly referred to as "CFC" or "freon", are ultimately destroyed in licensed facilities, thus significantly reducing GHG emissions. ODS not only deplete the ozone layer, but also are strong GHG contributing to global warming and climate change, representing up to 10,900 times the CO2, the unit of measure of GHG global warming potential.
In operation since 2008, ESR has, to this date, secured almost 500,000 metric tonnes of CO2 equivalent (MT CO2eq) in emission reductions on a total emission reduction potential of 2,500,000 MT CO2eq by the end of its project. These reductions could translate into VCU units or, in whole or in part, into WCI offsets in the upcoming regulated market.
Alain Boisvert, president, points out that "This project not only fits perfectly with the Government of Québec's orientations, as clearly expressed in its 2013-2020 Climate Change Action Plan and by its active participation to the Western Climate Initiative, but will also be an important source of quality carbon credits for Québec's large emitters, which are subject to respect emissions ceilings beginning January 1, 2013.".
As a front-row actor in the fight against climate change, ESR has optimally recycled, while exceeding the highest environmental standards and using a cutting edge technology, over 380,000 domestic appliances containing ODS since 2008, for total GHG emission reductions of approximately 850,000 MT CO2 eq. An end-of-life refrigerator or a freezer sent to the landfill or suboptimal recycling alternatives may release up to 3.7 MT CO2eq to the atmosphere, equivalent to a car driven over 17,500 km.
About EcoSolutions Recycling Inc.
ESR specializes in the optimal de-manufacturing and recycling of refrigerant and air conditioning equipment containing halocarbons. The company strives at eliminating ODS and reducing the impact of the GHG on global warming.
Among other initiatives, ESR recycles the appliances retired by electric utilities such as Hydro-Québec, Manitoba Hydro and SaskPower, and those confided to some cities and townships in Québec, including the City of Montréal.
Founded in 2007 by a team of experimented environmental entrepreneurs, ESR employs over 30 professionals, technicians and production employees dedicated to environmental protection. ESR proud received from the hands of Minister Pierre Arcand the 2012 Phénix de l'Environnement prize in the "Fight Against Climate Changes" category and awarded in May by the Ministère du Développement durable, de l'environnement et des parcs du Québec (MDDEP).
About ÉcoRessources
As one of the first firms in North America to develop offset projects and generatie carbon credits for both voluntary and emerging compliance markets, ÉcoRessources Carbone stands as a pioneer in developing the North American carbon market.
Over the years, ÉcoRessources developed an expertise in several disciplines, including business management, finance, GHG accounting and reporting, emissions trading, and forestry, to offer comprehensive and cost-effective solutions in GHG management challenges.
SOURCE: EcoSolutions Recycling, Inc.
Alain Boisvert, CPA, CA
President
EcoSolutions Recycling, Inc.
(450) 668-3299, ext. 223
Frédéric Gagnon-Lebrun
General Manager
ÉcoRessources, Inc.
(514) 787-1724, ext. 230
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