Projects Featured in Chevy's Carbon Stories
Houston, TX (GLOBE NEWSWIRE) - Element Markets, LLC, a leading producer and marketer of biogas and environmental commodities, is helping Chevrolet meet its CO2 reduction goals while assisting Basin Electric Power Cooperative in funding its clean energy projects. Chevrolet made a multi-year commitment to reduce CO2 emissions through the purchase of carbon reductions (offsets) from Basin's wind power and waste heat recovery projects. The automotive brand was interested in investing in projects that would benefit communities while generating emissions reductions measured and verified under a rigorous third-party GHG standard.
To accomplish Chevrolet's goals, Element Markets utilized its long-standing relationship with Basin to validate their projects under the Verified Carbon Standard (VCS) and provide those offsets to the Bonneville Environmental Foundation, which will retire them on behalf of Chevrolet. The proceeds from offset sales help Basin defray its wind and waste heat recovery development costs.
The Basin projects generating carbon reductions include waste heat projects in Culbertson, MT and Garvin, MN, the PrairieWinds project in North Dakota, and the Crow Lake Wind project in South Dakota. The Garvin waste heat project and the Crow Lake Wind project are each profiled in Chevy's "Carbon Stories" web video series. Gauri Potdar, Element Markets' Senior Director of Renewables, is also featured in the series, which can be viewed on the Chevrolet website:
Video can be viewed here: http://www.chevrolet.com/environmental-projects/carbon-reduction/
(NOTE: Click the pipeline icon on the map to view the Pipeline Heat Recovery project and on the wind turbine to view the Crow Lake Wind Farm project)
"We are proud to be featured in Chevrolet's carbon reduction campaign. Having been selected as a partner to Chevrolet for this important initiative is a strong recognition of Element Markets' presence and experience across environmental commodities and our relationships with companies like Basin and Chevrolet," says Angela Schwarz, President and Chief Executive Officer of Element Markets.
About Element Markets: Element Markets is a leading developer and operator of biomethane projects throughout the United States. The company owns and operates landfill gas-to-energy projects as well as the Huckabay Ridge Anaerobic Digestion Facility, which is the largest privately owned anaerobic digester in North America. The company is recognized for in-house expertise in the renewable natural gas, greenhouse gas, renewable energy and emissions credit markets, which it utilizes to provide structured environmental compliance and optimization services to prominent corporate and institutional clients. Element Markets also received top honors in the 2011 Energy Risk and Environmental Finance annual surveys for the company's efforts in the environmental markets. Element Markets is headquartered in Houston, Texas and the company's website is available at www.elementmarkets.com.
Source: Element Markets, LLC
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