ERPA signing for the Rhodia N2O Emission Reductions Project in Paulinia, Brazil

February 28, 2011 ---- The World Bank and Rhodia Energy Services today signed an emission reductions purchase agreement (ERPA) for six million carbon credits generated by Rhodia’s nitrous oxide (N₂O) abatement project in Brazil, to be generated through the end of 2012. The transaction was arranged by ORBEO.

“We are delighted that we could arrange this landmark transaction between the World Bank and Rhodia, two key actors of the CDM. This illustrates ORBEO’s commitment to providing innovative structures to its customers before and after 2012”, said Philippe Rosier, President of Rhodia Energy Services and ORBEO, a joint venture between the French financial services group Société Générale and Rhodia". 

Press Release 

Project Information

Related Coverage:

• Rhodia sells 6 mln UN carbon credits to World Bank (Reuters Africa) 

Photos : Emission Reductions Purchase Agreement Signing Ceremony - Brazil, February 28, 2011

Philippe ROSIER, President of ORBEO and RHODIA ENERGY SERVICES and Makhdar Diop, World Bank Country Director, Brazil

 
From left to right:  Américo Martelli and Philippe Rosier (RHODIA ENERGY
SERVICES), Eduardo Dopazo, Makhdar Diop and Mark Lundell (World Bank)