Here is some information on the basics of Carbon Credits from ODS destruction that may help your business. RemTec International is an EPA certified refrigerant reclaimer with separation/distillation towers, an AHRI certified laboratory, and the only commercial Plascon Arc Plasma Destruction of halocarbons facility in the United States. RemTec is expanding its role as a Project Developer and Aggregator for the Climate Action Reserve (CAR) and invites you to learn how RemTec can assist in processing CRTs from the destruction of virgin or MIXED CFC refrigerants for you.
Carbon Credits, or Offset Emissions, are issued by the CAR for the destruction of R11, R12, R114, and R115 based on the Global Warming Potential (GWP) of each CFC destroyed. After proper destruction and compliance with all of the protocol requirements including independent verification, the CAR will issue or deposit CRTs (Carbon Reserve Tons) or “shares” of carbon credits representing the MTCO2e (equivalent Metric tons of Carbon Dioxide) in an account set up for the project developer or owner of the CFCs that were destroyed. The CFCs can be mixed with other refrigerants or they can be pure, but credit is only issued for the actual destruction of qualifying CFCs included in the mix. Carbon credits are not eligible for destroying Halon, R-113, R-22, R134a or other HCFCs and HFCs. MIXED refrigerants (less than 90% purity of a single CFC) also require very specific pre-destruction procedures that RemTec offers to its customers.
Also known as “environmental commodities”, CRTs are like all other commodities such as corn and wheat, and have “offered and bid” prices that fluctuate daily on the “over the counter” market based on factors such as news, the economy, but mostly on supply and demand. The good news is that when the trading price goes up, the value of the shares in your account goes up. But when it goes down, so does the value of your unsold shares.