NEW YORK--(BUSINESS WIRE)--Green Holdings Enlow, Inc., a greenhouse gas (“GHG”) abatement company and a wholly owned subsidiary of Green Holdings Corporation, has listed a landmark coal mine methane abatement project with the Climate Action Reserve (the “Reserve”), the leading carbon offset registry in North America.
“Green Holdings is pleased that its premier coal mine methane abatement project will generate carbon offsets that qualify under the strict guidelines established by the Climate Action Reserve” said Jerry Gureghian, Chief Executive Officer of Green Holdings Corporation.
CONSOL Energy (NYSE: CNX), the largest operator of underground coal mines in the U.S., will host the project which will abate ventilation air methane (“VAM”) emissions from its Enlow Fork operation in south western Pennsylvania, the largest underground coal mine in the U.S. It is estimated that, pending final permitting, the project will become operational in July 2011, and that it will destroy the equivalent of 190,000 metric tonnes of carbon dioxide (“tCO2e”) on an annual basis.
“CONSOL Energy is pleased to be working with Green Holdings to abate the ventilation air methane emissions at our Enlow Fork coal mine,” said Steven Winberg, Vice President, Research and Development, for CONSOL Energy. “Safety and the environment are of upmost importance to CONSOL and this project addresses both” he added.
The Enlow Fork project will operate within the guidelines established by the Reserve’s Coal Mine Methane Project Protocol (the “CMM Protocol”) to quantify, monitor and verify the reduction of GHG emissions that would have otherwise been vented into the atmosphere from active underground coal mines.
The Reserve’s CMM Protocol was designed through a multi-stakeholder process to insure that emission reduction projects registered with it adhere to the highest standards thereby ensuring that reductions are real, permanent and additional, instilling confidence in the environmental benefit, credibility and efficiency of the U.S. carbon market.
“We congratulate Green Holdings and CONSOL Energy on the listing of the Enlow Fork project with the Climate Action Reserve. By voluntarily reducing the amount of methane being released from the Enlow Fork mine, Green Holdings and CONSOL Energy are demonstrating strong environmental leadership,” said Gary Gero, President of the Climate Action Reserve.
The Enlow Fork project is the first of a number of GHG abatement projects which Green Holdings Corporation is undertaking to capitalize on the demand for high-quality carbon offsets to be generated by the coal mine methane sector.
About Green Holdings Corporation and Green Holdings Enlow, Inc.
Green Holdings Corporation is a greenhouse gas emission abatement company utilizing proven technologies to implement projects under various greenhouse gas initiatives. Currently, the Company is focused on developing projects that reduce or abate ventilation air methane (VAM) emissions from underground coal mines, resulting in significant carbon offsets that will be monetized on a growing international market. Green Holdings Enlow, Inc. is a wholly owned subsidiary of Green Holdings Corporation. For more information visit www.greenholdings.com.
CONSOL Energy Inc., the leading diversified fuel producer in the Eastern United States, is a member of the Standard & Poor's 500 Equity Index and the Fortune 500. It has 11 bituminous coal mining complexes in five states and reports proven and probable coal reserves of 4.5 billion tons. It is also the leading Appalachian gas producer, with proved reserves of over 3.7 trillion cubic feet. Additional information about CONSOL Energy can be found at its Web site: www.consolenergy.com.