IDES Corp, a joint venture between Itochu Corp. and Dowa Eco-System Co. Ltd. of Japan has been issued a corporate license by the Philippine SEC with a capitalization of P130M. Their business is to setup methane capturing biodigesters in Philippine swine producers then selling the carbon credit generated from it to Japanese companies who are complying with the Kyoto Protocol Framework set by their government.
They are expecting to generate about 150,000 tons of CER annually from 2009 from the swine farms near Manila. Long term they are also hoping to setup shop in other Asian countries. Methane captured from the swine manure will be burned.
I don’t know if they are planning to use the methane for cooking and other power generating activities but I wish they did. It would seem like a waste if all they do is burn it. I know the local communities would appreciate some free methane for cooking. Or better still a methane based generator to power their electrical needs.
IDES joins the list of Carbon Credit companies already active in the Philippines. But it looks like they might go head to head with Ecosecurities who has already teamed up with hog producer Uni-Rich for Carbon Capturing. If ever the competition becomes stiff, they could try going to other areas which produce alot of pigs.
I hopped on over to the Bureau of Agricultural Statistics website and looked at the annual hog production of each region and it comes out that Region III and IV-A of the Philippines are the top producers of hogs in the country. They have almost double the production of the 3rd place producer, Western Visayas. Something to look into if you’re seeking the top swine producers in the Philippines. In this time of energy crisis and high input prices, hog producers should really consider tapping the biogas potential of their livestock.
[source]
Category: Biogas, Carbon Credits, Kyoto Protocol
