In addition, Arcadis has announced the development of a third land fill gas installation near Rio de Janeiro, Brazil. The installation is based on the same principle and similar in capacity to Sao Joao.
Together, the Sao Joao and Bandeirantes landfill methane gas output will be used to generate 340 million Kwh of electricity annually, sufficient power for more than 120,000 households. As a result, 12 million tons equivalent of CO2 will be saved in the coming years.
According to the Kyoto Treaty, the joint venture gets 12 million carbon credits. Half of these will be shared with the Municipality of Sao Paulo, Brazil. Of the remaining 6 million carbon credits that are for Biogas, a contract for the sale of 5 million of these credits was already signed with the German bank KfW until 2012. Once Gramacho is accredited under the Kyoto protocol, it will generate carbon credits for which Biogas can again seek long term contract buyers.
Harrie Noy, CEO of Arcadis, said: These innovative projects underline our commitment to contribute to a healthier world climate. According to UNFCCC information, about 80% of the total of carbon credits issued so far for landfill projects has been derived from the Bandeirantes Project. Sao Joao and Gramacho will add soon to further increase these significant contributions.
