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«AgroInvest» — News — 

ASTARTA succeeds in selling carbon credits under Kyoto protocol

2011-11-04 16:55:01

In February 2009, ASTARTA concluded an agreement with Carbon Fund of the European bank of reconstruction and development (EBRD) and
European Investment bank to sell Emission Reduction Units under Kyoto protocol. The agreement is the result of implementation of an integrated
energy saving program, financed by EBRD and retained earnings of the Group. Significant decrease of energy consumption at ASTARTA's sugar
plants allowed increasing their efficiency as well as significantly reducing emissions.

Currently, project of the Joint implementation has been successfully put into effect at two sugar plants, that allowed to attract additional financial
recourses to be used for further modernization of the production. Next phase would be related to implementation of the project "Energy saving
program" at plants of the Group.

It is important to note, that ASTARTA was the first sugar-producing company in Ukraine, that participates in the realization of the joint
implementation program under Kyoto protocol

 

 

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