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Carbon Footprints…. significant projects submitted by IPMA Members stand approved
ITC Ltd:
- 7 projects already registered with UNFCC to generate cumulative CERs to the extent of about 0.4 million
- 42000 ha. of plantation with a potential to sequester 10.7 million tons of carbon, reducing 39.3 million tons of CO2 having a carbon credit value of USD 106 million in the first commitment period. Project under development
TNPL: Its bio-methanation project is first CDM project implemented in the paper industry to generate 37000 CERs a year. TNPL has about 82,955 CERs to its credit.
JKPL: The World bank‘s Bio Carbon fund has signed an Emission Reduction Purchase Agreement (ERPA) that will enable small and marginal farmers to earn additional revenue through carbon credits. M/s JK Paper Ltd. project covering 3500 hectares of severely degraded lands of marginal farmers for afforestation stands approved as a first ever project of its kind by World Bank.
Overseas Acquisition:
- Ballarpur Industries Ltd. has recently acquired 97.8 per cent equity in Sabah Forest Industries (SFI), Malaysia. SFI is the largest integrated paper & pulp facility in Malaysia with a 144,000 MT Paper plant and a 120,000 MT Pulping unit.
- SFI has forest concessions of 289,000 hectares valid upto 2094. The enterprise value is US$ 261 million.
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IPMA Member Initiatives 
