Vitol S.A. (“Vitol”) today announced that it has entered into an Emission Reduction Purchase Agreement (“ERPA”) with Revonergy Biopower Limited (“RBP”), a wholly owned subsidiary of Revonergy Inc. (“Revonergy”)
This agreement is for the sale by RBP to Vitol of Certified Emission Reductions (“CERs”) generated by Revonergy’s wood waste to energy project in Ondo State in Nigeria, West Africa. This project is in the development stage and is projected to have a capacity of 14MW.