Clean Planet Energy, the division within
The Significance of Sustainable Finance Regulations in
The EU Taxonomy and the related Sustainable Finance Disclosure Regulation (SFDR), adopted by the
Article 9 funds ("dark green") focus exclusively on sustainable investment. This requires that investors concentrate on the broader environmental impact of financial products, emphasising clean air, efficient water use & protection, pollution control, fostering a circular economy, and preserving biodiversity & ecosystems. Alignment with the EU Taxonomy is the optimal way of ensuring that investments can be classified as "sustainable". Applying this regulation inherently enhances transparency in the marketplace regarding financial products' environmental impact.
The Journey of
At
Clean Planet ecoPlants enable the sustainable recovery of materials of value from hard-to-recycle plastics. Using both pyrolysis and patented oil-upgrading methods as the conversion technology, waste plastic is heated, in the absence of oxygen, producing liquid hydrocarbons, organic gases and a carbonaceous char. The liquid hydrocarbons comprise a complex mixture of organic components from which commercial grade oils can be recovered. The organic gases constitute a calorific, noncondensable synthetic gas which is purified, prior to reuse, to an equivalent quality to that of natural gas. The carbonaceous char is composed of carbon black and mineral matter
Sustainable Industrial Processes
Dr.
"Our mission is centered on developing new technologies to expedite the sustainable use of plastics, and reduction of carbon emissions. Aligning our practices with EU Taxonomy criteria solidifies our commitment and demonstrates the effectiveness of our efforts."
Clean
Responsible
"We're committed to promoting a circular economy within our operations, minimizing our environmental footprint while maximizing efficiency," adds
"In terms of resource management, our approach is informed by sustainable use and protection of water and marine resources. This entails implementing a water use and protection management plan in accordance with Directive 2000/60/EC, also known as the Water Framework Directive."
The Link Between
A notable objective of sustainable finance regulations is the focus on substantial contributions to climate change mitigation, including the reduction of CO2 emissions, which is a key area where
The EU Taxonomy technical screening criteria focus on reducing greenhouse gas emissions and actively contributing to climate change mitigation. One of the ways a financial product achieves alignment with these principles is by investing in activities that yield substantial lifecycle GHG emission savings compared to existing technologies or solutions. The regulation encourages calculations of lifecycle GHG emissions using the Commission Recommendation 2013/179/EU, ISO 14067:2018 or ISO 14064-1:2018. The technologies designed to be used in the ecoPlants have been audited and confirmed to be aligned with the EU Taxonomy and therefore allows investors into the project eligible to claim the mantle of sustainable investment and accessible to Article 9 "dark green" funds.
Clean Planet's processes and products are designed to produce low-carbon fuels that are not only superior alternatives to traditional fossil fuels but also significantly lower in GHG emissions throughout their lifecycle. The commitment to reducing CO2 emissions is visible through the robust procedures and advanced technologies with sustainability and carbon reduction at their core.
Building Infrastructure Aligned with Sustainability
The commitment to sustainability is also mirrored in ecoPlant's building infrastructure. The work towards conformity with EU Sustainable Regulation also means the ecoPlants have been designed and built to meet the stringent criteria of the EU Taxonomy for sustainable construction, which includes aspects such as energy performance, air-tightness, thermal integrity, and Global Warming Potential.
Endorsement from Catalyst
"The journey towards aligning with the EU Taxonomy so that this product can sit within an Article 9 fund has been rigorously reviewed and audited by independent ESG consultancy, Catalyst.
"Their robust procedures and focus on implementation speak volumes about their determination to advance environmental sustainability."
Celebrating Clean Planet Technologies' Achievement
The ecoPlant investment, in alignment with the EU Taxonomy, will enable this product to sit in an Article 9 fund is a proud moment for the
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