Scarinci Hollenbeck Client Inks Deal to Sell Carbon Credits

by Peter S. Moeller on August 31, 2010

Scarinci Hollenbeck client Sussex County Municipal Utilities Authority (SCMUA) has just signed an agreement with the Port Authority of NY and NJ to sell the Port Authority, 64,000 tons of “carbon credits” generated by SCMUA’s voluntary capture and destruction of landfill gas at the Sussex County landfill in Lafayette, NJ. As noted by Bill Baroni, the PANYNJ deputy executive director, “[t]he Sussex Project will help New Jersey residents by improving their air quality.”

This announcement follows a 22-year agreement, executed on January 21, 2010, by which Energenic, a NJ-based renewable energy firm which is a joint venture of Marina Energy and DCO Energy, will construct and operate a new, $9 Million, state-of-the art Landfill Gas-to-Energy (LFGTE) Facility at the SCMUA landfill. Energenic broke ground on the 3-Megawatt LFGTE Facility on June 2, 2010, having been selected by SCMUA following a competitive proposal process. Energenic will share revenue from the renewable energy project with SCMUA. The Facility is funded, in part, through grants and tax credits made available under the American Recovery and Reinvestment Act.

Landfill gas contains methane, a greenhouse gas that is twenty-three times more potent in atmospheric global warming than carbon dioxide. Through the on-site vendor, Energenic, SCMUA burns the landfill gas to destroy the methane and create electricity, which is sold to a local electric utility. SCMUA’s landfill gas is derived from decomposing municipal solid waste; burning the gas creates enough energy to power over 3,000 homes annually while the environmental benefit is equivalent to removing 28,000 cars from NJ highways.

Thomas Prol, Sandy Ayres, Jacqueline Gioioso, Matt Giacobbe, SCMUA Chief Engineer Thomas Varro, P.E. and SCMUA Administrator John Hatzelis, were involved in this 2-year project which included detailed validation and verification processes prior to marketing on the Chicago Climate Exchange.

Below is a press release from PANYN re the carbon credit sale:

http://www.panynj.gov/press-room/press-item.cfm?headLine_id=1289

Below is a release from Energenic as reported by iStockAnalyst re the LFGTE Project:

http://www.istockanalyst.com/article/viewiStockNews/articleid/3965695


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