Brazilian meat processor Sadia said it has joined the United Nations' Clean Development Mechanism project to be able to sell carbon credits next year, according to a report by Dow Jones.
"We are very interested in entering this market and are now starting to account for and accumulate carbon credits to sell next year," Sadia CEO Jose Julio Cardoso de Lucena is quoted as saying.
Sadia's 3S hog farm program qualified for the UN project, an international carbon trading system established by the Kyoto Protocol to reduce carbon emissions. The company has become the first Brazilian food company to have UN Certified Emission Reduction tradable credits, the report said.
Sadia has spent some $34.3 million in biodiogestor equipment to treat and convert hog waste into fertilizer or energy. The initiative has reduced carbon emissions by upwards of 21 times, the report said.
Nearly one-third of Sadia's 3,500 contract farmers participate in its 3S program. Lucena is quoted as saying that number will grow to include the majority of hog farms outsourced and owned by Sadia and those owned by Perdigao when the two companies complete their integration.
Earlier this year Sadia and Perdigao announced a merger to form BRF Brasil Foods but are still awaiting approval by Brazilian antitrust authorities.
Source: newsroom - meattradenewsdaily.co.uk
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