EKI Energy Services Limited has successfully registered its Plastic Waste Reduction Project in Bangladesh, Phase I, with Verra. The company said the project is the first plastic waste reduction project in Bangladesh to be registered under Verra’s Plastic Waste Reduction Standard. The registration marks EKI’s expansion into the South Asian plastic waste management market and strengthens its portfolio of environmental projects beyond traditional carbon credit activities.
The project is registered under Verra’s Plastic Waste Reduction Standard, which provides a framework for supporting plastic waste collection and recycling activities while enabling the development of environmental markets. Through the Bangladesh project, EKI plans to support structured systems for plastic waste recovery and improve the availability of recyclable material. The initiative is intended to help prevent plastic waste from reaching landfills or leaking into the environment.
The project will follow monitoring, verification and certification requirements under the Verra framework. EKI said the project will generate Plastic Credits linked to activities that increase plastic waste collection and the supply of recycled plastic feedstock. Manish Dabkara, Chairman and Managing Director of EKI Energy Services Limited, said the registration represents an important milestone in the company’s international expansion of environmental solutions. He said EKI’s experience in developing plastic waste projects in India provided useful expertise that can now be applied to Bangladesh.
Mr Dabkara added that plastic pollution requires organised collection, recovery and recycling systems supported by credible environmental markets. He said EKI plans to continue developing and scaling plastic waste reduction projects across different geographies.
The Bangladesh project forms part of EKI’s strategy to broaden its environmental portfolio. The company is combining its experience in climate finance and project development with solutions focused on plastic waste management and the circular economy. EKI said the project can contribute to improved waste management while creating opportunities for environmental finance. The company expects its expanding portfolio to support businesses and organisations seeking measurable environmental outcomes.
Founded in 2008, EKI Energy Services is a carbon credit developer and supplier and is listed on the Bombay Stock Exchange. The company provides solutions related to carbon credits, carbon asset management, carbon footprint management, sustainability audits, carbon neutrality and climate-positive initiatives.
EKI works with international standards and programmes including CDM, VCS, Gold Standard, GCC, IREC and TIGR, among others. Its portfolio also includes emerging environmental solutions focused on broader sustainability challenges.The company has operations in more than 16 countries and serves over 3,500 clients across more than 40 countries. EKI has supplied more than 200 million carbon offsets to date.
The registration in Bangladesh builds on EKI’s earlier work in plastic environmental markets. The company has previously developed a plastic project in India registered with Verra. With the new Bangladesh project, EKI is expanding its presence in the circular economy sector and strengthening its focus on practical waste reduction initiatives alongside its established carbon market activities.
