RemTec's Refrigerants Buyback Program

RemTec's Carbon Offsets & Destruction Programs

RemTec International Extends a Five-Year Agreement with DoloMatrix as Exclusive Representative for Plasma Arc ODS Destruction Technology

RemTec International Extends a Five-Year Agreement with DoloMatrix as Exclusive Representative for Plasma Arc ODS Destruction Technology in North America - Producing High Quality Offset Credits for the Carbon Compliance Market

BOWLING GREEN, OH, USA – (Business Wire) – RemTec International, the largest privately-owned reclaimer of halons and refrigerants, announced today the extension of its five year agreement with DoloMatrix International, Ltd., to be the exclusive representative for SRL Plasma’s Plascon® equipment in North America, designed to destroy Ozone Depleting Substances (ODS). The Dolomatrix destruction technology along with RemTec’s patented recovery and reclaiming equipment, produces carbon offset credits that exceed the requirements of a newly released Climate Action Reserve (CAR) Ozone Depleting Substances Project Protocol. This protocol delivers permanent greenhouse gas (GHG) emission reductions for the carbon compliance market.

“The combination of our technologies and services provides the ultimate in transparency, tracking and accountability. In addition, Plasma Arc Destruction is environmentally superior to high temperature incineration.”

“We can provide superior carbon offset credits because the combined technologies of RemTec and Dolomatrix use Technology & Economic Assessment Panel (TEAP) testing methodology, specifically designed to measure the destruction of ODS. In addition, our detailed tracking and documentation system follows individual shipments from the source to final destruction. When combined with our online real-time computer monitoring, our system provides complete transparency to carbon offset providers, verifiers and outside regulatory agencies on a 24 hour basis.

“This represents the first phase in our efforts to establish regional facilities that offer cradle to grave management of halons and refrigerant gases that are high ozone depleters, or that are high in global warming potential. In addition to our existing processing plant in Bowling Green, Ohio future operations are also planned in the Middle East and Asia.”


Mr. Marcus concluded by saying, "Through the combination of our proprietary technologies, we are able to offer an enhanced ODS Destruction Protocol. This is very timely, especially considering certain recent Amendments to Senate Bill 1733, Clean Energy Jobs and American Power Act, that were introduced by Senators John Kerry (D-MA), Lindsey Graham (R-SC), and Joe Lieberman (I-CT). This Bill specifically recognizes offset credits for ODS destruction for both domestic and international projects.”


ABOUT REMTEC INTERNATIONAL

Established in 1986, RemTec International is a world leader in the recovery, reclamation and destruction of Halons and Refrigerants. RemTec’s Halocarbon Management Program uses patented technologies that avoid emissions that either destroy the ozone layer, or add to global warming potential. RemTec's unique approach facilitates safe disposal of unwanted Halons, CFCs, HCFCs, and HFCs on a worldwide basis. These hazardous substances are recovered, reclaimed, and in some cases destroyed in accordance with all domestic and international regulatory standards. For more information, please visit http://www.remtec.net/

RemTec International
1100 Haskins Road
Bowling Green, Ohio, 43402
USA

419-867-8990
419-867-3279 (Facsimile)800-372-1301 (Toll Free / North America)

RemTec's Ability for ODS destruction to help your business

Here is some information on the basics of Carbon Credits from ODS destruction that may help your business. RemTec International is an EPA certified refrigerant reclaimer with separation/distillation towers, an AHRI certified laboratory, and the only commercial Plascon Arc Plasma Destruction of halocarbons facility in the United States. RemTec is expanding its role as a Project Developer and Aggregator for the Climate Action Reserve (CAR) and invites you to learn how RemTec can assist in processing CRTs from the destruction of virgin or MIXED CFC refrigerants for you.

Carbon Credits, or Offset Emissions, are issued by the CAR for the destruction of R11, R12, R114, and R115 based on the Global Warming Potential (GWP) of each CFC destroyed. After proper destruction and compliance with all of the protocol requirements including independent verification, the CAR will issue or deposit CRTs (Carbon Reserve Tons) or “shares” of carbon credits representing the MTCO2e (equivalent Metric tons of Carbon Dioxide) in an account set up for the project developer or owner of the CFCs that were destroyed. The CFCs can be mixed with other refrigerants or they can be pure, but credit is only issued for the actual destruction of qualifying CFCs included in the mix. Carbon credits are not eligible for destroying Halon, R-113, R-22, R134a or other HCFCs and HFCs. MIXED refrigerants (less than 90% purity of a single CFC) also require very specific pre-destruction procedures that RemTec offers to its customers.

Also known as “environmental commodities”, CRTs are like all other commodities such as corn and wheat, and have “offered and bid” prices that fluctuate daily on the “over the counter” market based on factors such as news, the economy, but mostly on supply and demand. The good news is that when the trading price goes up, the value of the shares in your account goes up. But when it goes down, so does the value of your unsold shares.