EKI Energy zooms ~3% on bagging India's first plastic project from Verra

13 Sep 2022 , 12:32 PM

EKI Energy Services Limited (EKI), a market leader in carbon development and management provider worldwide, today announced that it has become the first company to list an Indian Plastic Project under a global accreditation standard.

With this, the Indore-based carbon credit expert, who has been working in the field of climate action and offset solutions for the past 14 years across 16 countries, has become the first to list a Plastic Project from India with the goal of generating India’s first ever International Plastic Credits.

The initiative guarantees that plastic waste, mostly Polyethylene Terephthalate (PET) trash, PET flakes, and chips, is responsibly procured and processed in order to manufacture Recycled Polyester Staple Fibre (RPSF) that may be used to make garments and other fabric-based utility goods in the textile industry.

The plastic initiative has been listed under Verra’s Plastic Waste Reduction Standard – the Washington-based accreditation that is a global cornerstone standard for the execution of numerous climate programmes.

At around 12.41 PM, EKI Energy was trading 3.08% higher at Rs1,720 per piece, as compared to previous close of Rs1,668.55 on BSE. So far, it hit intraday high and low of Rs1,800 and Rs1,655 respectively.

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