Post by
lupusalpha on Jan 25, 2022 3:45pm
don't forget carbon credits
Based
on conversations with the Company s greenhouse gas qualification consultant, Radicle (formerly Carbon Credit
Solutions Inc.), the Company also expects the ReGen TM technology will qualify for greenhouse gas credits. Based on
the August 2010 Greenhouse Gas Savings Study report conducted by Conestoga Rovers Associates on behalf the
British Columbia Used Oil Management Association (the “Conestoga Rovers Report”), the Company believes that the
USGC Facility could reduce GHG equival ent emissions by up to 725,000tonnes per year, versus the burning or disposal
of UMO. The Company may receive voluntary GHG credits sold via the American Carbon Registry and may generate
additional annual revenues for the sale of these credits. Based on a review of the United States Environmental
Protection Agency s GHG equivalency calculator the life cycle assessment carbon credits that are projected to be
generated by the Company from the USGC Facility represent the equivalent of eliminating the emissions generated
by 157,000 internal combustion engine powered cars annually.