Phase 1: Aerobic Composting
Stage one is based on an aerobic composting methodology in windrows. This is the basic model that can be introduced immediately.
We will introduce the windrow based aerobic CO2e trading option, investing the futures contract in ensuring capacity of our 5 identified composting sites.
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In Stage 1 we will enter into a forward contract based on 60% of our total capacity projected. This will allow for the following benefits:
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The full setup of the 5 sites identified
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Risk Management of non delivery of 100% of the forecast CO2e production due to factors outside of our control.
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Trading of excess CO2e’s at market related prices where we have discounted our forward contract.
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Funding of the next phase of Carbon Trading in terms of the methane flaring production CAPEX setup.
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Allows for an immediate cash flow positive return based on our license agreement with Government
Our Project Initiation Note (PIN) can be found the link below:
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​https://carbon.evercity.io/project/91b6d1e0-f01a-4c49-aa8e-35fa54184480
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Project Description
Aerobic Seagrass Composting: GHG Reduction in Cyprus is an innovative environmental project focused on transforming seagrass waste into valuable compost through an aerobic composting process. Located in Paphos and Larnaca, this initiative addresses the pressing issue of greenhouse gas (GHG) emissions from organic waste decomposition, specifically targeting methane and carbon dioxide emissions. The project aim is to avoid methane emissions through controlled aerobic decomposition in a windrow composting process of Posidonia seagrass.
With financial support from the carbon credit, this project will demonstrate that the carbon credit finance mechanism can catalyze environmentally sustainable and financially viable waste management practices. Hence the proposed project will provide a replicable model for environmentally friendly and economically viable solid waste processing through composting. Its operation will be made sustainable by covering the installation and operation cost through sale of compost and revenue from carbon credit. The carbon credit benefits would act as a means of subsidizing the cost of compost production to ensure the project’s financial sustainability.
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Estimated reduction of 468,043 tCO2e equivalents over the first 10 years.
Average reduction of 46,804 tCO2e equivalents per year.
Key Objectives:
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Reduce Methane Emissions: By diverting seagrass from landfills, where it decomposes anaerobically and produces methane, we significantly reduce the release of this potent greenhouse gas. Methane has a global warming potential many times greater than carbon dioxide, making its reduction a critical environmental priority.
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Lower CO2 Emissions: The aerobic composting process minimizes carbon dioxide emissions compared to traditional landfill decomposition. This method ensures the seagrass decomposes in the presence of oxygen, avoiding the anaerobic conditions that lead to high CO2 emissions.
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Produce Carbon-Rich Compost: The compost generated from this process is rich in carbon and enhances soil health and fertility. This compost is used on local farms, promoting sustainable agricultural practices and reducing the need for imported fertilizers, which have a high carbon footprint.
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Offset Carbon Through Partner Projects: In partnership with Akamas Ranch, our project also captures and sequesters carbon in the soil. This offsets any emissions generated during the transportation of seagrass to the composting facility, ensuring a net positive impact on the environment.