ARCA Recycling and ARCA Advanced Processing Register $1.7 Million in Carbon Offset Credits from Two GHG Destruction Projects
March 29, 2016 06:00 PM Eastern Daylight Time
MINNEAPOLIS–(BUSINESS WIRE)–ARCA Recycling, Inc., a wholly owned subsidiary of Appliance Recycling Centers of America, Inc. (NASDAQ:ARCI), is pleased to announce the Climate Action Reserve has approved the issuance of carbon offset credits for two greenhouse gas (GHG) destruction projects undertaken in September and November of 2015. These carbon offset credits will be issued into the California cap-and-trade compliance program, resulting in approximately $1.0 million in revenue for ARCA and approximately $700,000 in revenue for ARCA’s joint venture, ARCA Advanced Processing, LLC (AAP). Read more.