Indian carbon project developer takes a step towards energy transition

  • EKI Energy Services opens biomass briquettes plant in Maharashtra
  • Annual production capacity of 9,600 metric tons, expandable to 14,400 mt/year
  • Biomass briquettes made from agricultural waste serve as a coal substitute
  • Plant helps reduce local pollution by avoiding on-field burning of farm residue
  • EKI aims to promote energy transition in India through more plants
  • Company has supplied over 200 million carbon credits to international markets

Indian carbon project developer EKI Energy Services has opened a biomass briquettes plant in Maharashtra with an annual production capacity of 9,600 metric tons. The plant, operated by EKI subsidiary GHG Reduction Technologies, produces biomass briquettes made from agricultural waste, which serve as a substitute for coal in boilers and furnaces. By using farm residue as a feedstock, the plant also helps reduce local pollution by avoiding on-field burning. EKI plans to build more plants to promote energy transition in India. The company has already supplied over 200 million carbon credits to international markets.

Public Companies: EKI Energy Services (null)
Private Companies: undefined
Key People: Abdul Latheef (Reporter), Michael Kelly (Editor)

Factuality Level: 8
Justification: The article provides factual information about the opening of a biomass briquettes plant in Maharashtra, India. It includes details about the plant’s production capacity, the use of biomass briquettes as a substitute for coal, and the company’s mission to reduce greenhouse gas emissions. The article also mentions the company’s track record in supplying carbon credits to international markets. Overall, the article presents information without any obvious bias or inaccuracies.

Noise Level: 8
Justification: The article provides information about the opening of a biomass briquettes plant in India and its capacity. It also mentions the use of biomass briquettes as a substitute for coal and the avoidance of on-field burning of farm residue. The article briefly mentions the company’s mission to reduce greenhouse gas emissions and its role in the offsets industry. However, the article lacks in-depth analysis, scientific rigor, and evidence to support its claims. It also does not provide actionable insights or explore the consequences of the plant’s operations on the environment or local communities. Overall, the article contains some relevant information but lacks depth and critical analysis.

Financial Relevance: Yes
Financial Markets Impacted: The opening of the biomass briquettes plant by EKI Energy Services may impact the energy sector and the carbon offsets industry.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the opening of a biomass briquettes plant by EKI Energy Services in India. While there is no mention of any extreme event, the financial relevance of the article lies in the potential impact on the energy sector and the carbon offsets industry. The plant’s production capacity and the company’s mission to reduce greenhouse gas emissions through the manufacturing of such products may have implications for energy markets and the carbon credits market.

Reported publicly: www.marketwatch.com