NEFCO has granted a new loan worth EUR 350,000 for financing cleaner production technology at OJSC Kiev Margarine Factory in Ukraine.

The loan, which will be disbursed from the corporation’s Facility for Cleaner Production, is intended to refurbish the factory’s production line for edible fats and oils and reduce energy consumption by some 60,000 kWh per year.

Jūrmala’s deserted streets are not at their most charming during winter. But in summer, this celebrated resort is transformed into something of Latvia’s own Riviera, its fine, sandy shoreline and shallow waters inviting beachgoers in for a swim. With its 55,000 inhabitants and wooden houses, the city is also a popular destination for those living in nearby Riga. The local train to Jūrmala only takes around 30 minutes.

Ahead of the Baltic Sea Action Summit, NEFCO and the Nordic Investment Bank (NIB), have committed to actively supporting interested parties in order to make Baltic Sea projects bankable.

The objective is to develop and implement concrete, cost-efficient investments that lead to a reduction of pollution in the Baltic Sea.

NEFCO has approved a loan for cleaner production at the Yarychiv Biscuit Factory. The factory, which is situated near Lviv in western Ukraine, accounts for 2.1 per cent of the country’s total biscuit production. 

The loan, which amounts to EUR 350,000, has been disbursed from NEFCO’s facility for cleaner production. The purpose of the loan is to replace the existing sugar biscuit production line, which uses 105 gas burners, with more energy efficient and environmentally sound equipment. 

The NEFCO managed Baltic Sea Region Testing Ground Facility (TGF) has procured emission reduction units from an industrial energy efficiency project in eastern Ukraine under the Joint Implementation mechanism of the Kyoto Protocol.

The TGF buys carbon credits on behalf of its investors, thus helping governments and companies to meet greenhouse gas emission reduction targets under the Kyoto Protocol and the EU Emissions Trading Scheme.

Two NEFCO projects in Estonia and Lithuania have qualified as Joint Implementation (JI) projects under the Kyoto Protocol. A landfill gas-to-energy project in Lithuania reached final JI status under the UN-regulated international track (Track 2).

As of January 2010, only sixteen projects worldwide have secured final JI status under Track 2, including three NEFCO projects. In addition, NEFCO’s wind farm project was the sixth JI project to achieve final JI status through Estonia’s national track (Track 1).

NEFCO has granted a loan for upgrading the fleet of vehicles and machinery owned by the private company Novgorod Spetzautokhoziastvo, which is responsible for cleaning and removing solid waste for the city of Novgorod.

The overall aim of the project is to replace existing, outdated machinery with modern and environmentally friendly street cleaning vehicles. The loan, valued at EUR 290,700, will be disbursed from NEFCO’s facility for cleaner production.

Nancy Sutley, Chair of the White House Council on Environmental Quality, announced on Thursday the U.S. Administration’s intention to commit $5 million towards international cooperation to reduce black carbon emissions in and around the Arctic.  The initiative has been prepared by the U.S. Department of State.

Science shows that the emissions of black carbon play a significant role in warming the Arctic and accelerating ice melt. 

The odour of sawdust and bark permeates the entire mill site as we walk round CJSC Sawmill 25 on the outskirts of Archangel. Here the region’s green gold is converted into boards and pellets - most of which are exported to the European market to be processed into energy, wood floorings, stairs and furniture.

The NEFCO Carbon Fund (NeCF) has signed an emission reduction purchase agreement for the off-take of Certified Emission Reductions from a 18 MW hydro power project located in Nghe An province in Vietnam.

The agreement is the first post-2012 contract for the NEFCO Carbon Fund, and covers the seven years from 2010 to 2017.