Recast Energy selling biomass thermal carbon offsets

By Anna Simet | May 15, 2012

Thermal energy project developer Recast Energy has announced it owns more than 15,000 metric tons of carbon offsets. The company is selling them to buyers looking to build a reputation for best practices in environmental sustainability or to prepare for compliance with possible future legislation.

The offsets were achieved at the company’s biomass thermal energy project in Wiggins, Miss., which was the first U.S.-based biomass thermal project to be validated and verified under the Verified Carbon Standard. The Verified Carbon Standard is a greenhouse gas accounting program used by projects around the world to verify and issue carbon credits in voluntary markets. Since 2008, the Wiggins facility has generated more than 60,000 metric tons of carbon offsets, according to Recast.

Recast Energy currently operates and is developing additional cogeneration facilities in the Dominican Republic, Caribbean and other U.S. locations, including a biomass thermal conversion in Louisville, Ky. Michael Schewel, CEO of Recast Energy, said the company will quadruple its verified carbon offsets within the next year as the Louisville project begins operations.

When it’s complete, the biomass cogeneration facility in Louisville will result in an additional 50,000 metric tons of carbon offsets annually, according to Recast Energy.

To learn more about Recast Energy and its Louisville project, click here.