Beijing/Munich, 5 February 2018 | News Release
At the end of 2017, UPM had a record-breaking sale of nearly 720,000 CERs. The buyer was German carbon offset retailer Fokus Zukunft GmbH & Co. KG who will cancel them on behalf of a well-known private sector end-user to compensate for 720,000 tCO2e of greenhouse gas emissions.
All carbon credits of this transaction were generated after 2012 by two large-scale industrial methane recovery and waste water treatment projects in China. Both CDM projects have been developed by UPM together with its long-term Chinese cooperation partner Uniufa Energy Technology Co., Ltd., a leading specialist in the field of organic waste treatment, energy efficiency and renewable energy.