EKI Energy Registers First Verra Plastic Project in Bangladesh

INDORE/DHAKA — Carbon credit developer and supplier EKI Energy Services Limited (BSE: 543284) announced on August 19, 2026, the successful registration of its Plastic Waste Reduction Project in Bangladesh, Phase I, under Verra’s Plastic Waste Reduction Standard. The regulatory filing submitted to the BSE Limited confirms that the initiative represents the first registered plastic waste reduction project in Bangladesh. This development serves as an expansion of the company’s plastic recovery, recycling, and environmental finance portfolio across South Asian markets.

Strategic Market Expansion and Framework Compliance

The Phase I registration establishes a structured approach to plastic waste management within Bangladesh. By adhering to the monitoring, reporting, and verification standards maintained by global non-profit certifier Verra, the plastic waste reduction project will issue certified Plastic Credits. These environmental units provide market-based financial incentives to scale collection infrastructure, divert non-biodegradable waste from landfills, and increase recycled feedstock availability.

The enterprise previously listed India’s first plastic waste reduction project under Verra standards, establishing a precedent for its technical and compliance deployment in regional markets.

Global Environmental Markets and Credit Generation

Environmental finance mechanisms for plastic remediation function similarly to voluntary carbon markets. Organizations purchase verified Plastic Credits generated by registered activities to offset unpreventable material footprints or fulfill corporate social responsibility commitments.

By expanding its operational umbrella beyond conventional carbon asset management, the BSE-listed organization is addressing broader ecological challenges, including ocean leakage and municipal solid waste mismanagement. Founded in 2008, the company maintains operations in over 16 countries and has delivered more than 200 million environmental offsets globally.

Impact on Business, Investors, and Communities

The operationalization of a certified plastic waste reduction project generates multifaceted socio-economic and corporate impacts:

• For Environmental Finance Markets: Expands the availability of high-integrity, third-party verified Plastic Credits originating from emerging South Asian economies.

• For Local Waste Infrastructure: Channelizes direct international finance to improve waste collection networks, recycling capacity, and formal employment for waste collectors in Bangladesh.

• For Investors and Shareholders: Diversifies corporate revenue streams across carbon asset management, plastic credits, sustainability audits, and circular economy consultation.

Official Sources Section

Regulatory documentation and corporate statements verifying the milestone were filed under mandatory exchange compliance frameworks:

• Exchange Disclosures: Official filing submitted to the BSE Limited under Scrip Code 543284 / Symbol EKI on August 19, 2026.

• Corporate Website: Project details released on EKI Energy Services Limited

• Standard Verification: Project framework listed under the Plastic Waste Reduction Standard administered by Verra

Quote Section

"The registration of our first plastic project in Bangladesh is an important milestone in EKI's journey of expanding environmental solutions across geographies," stated Manish Dabkara, Chairman and Managing Director of EKI Energy Services Limited. "Plastic waste is a global challenge that requires structured systems for collection, recovery and recycling, supported by credible environmental markets."

"Taking that experience into Bangladesh strengthens our ability to support the development of circular economy solutions while creating new opportunities for environmental finance," Dabkara added.

Why It Matters

Institutionalizing verifiable standards in waste management allows developing economies to attract private capital for environmental infrastructure. The deployment of Bangladesh's first Verra-certified plastic waste reduction project enables local collection operations to monetize waste recovery, mitigating municipal pollution while providing multinational corporations with verifiable mechanisms to meet circular economy benchmarks.

Key Facts at a Glance

• Milestone Standard: First registered plastic waste project in Bangladesh under Verra's Plastic Waste Reduction Standard.

• Filing Date: Formal regulatory announcement published on August 19, 2026.

• Corporate Scale: EKI Energy operates across 16+ countries with a track record of supplying over 200 million environmental offsets.

• Project Mechanism: Issues certified Plastic Credits by funding recovery, collection, and recycling processes.

Frequently Asked Questions (FAQ)

What is the primary focus of the new project in Bangladesh?

The plastic waste reduction project focuses on establishing structured collection, recovery, and recycling systems for plastic waste under Verra guidelines to prevent environmental leakage and landfill accumulation.

What is Verra's Plastic Waste Reduction Standard?

It is a globally recognized certification framework that allows projects to measure, verify, and issue Plastic Credits based on the volume of plastic waste collected or recycled.

How do Plastic Credits benefit the environment and businesses?

Plastic Credits provide direct environmental finance to local waste management infrastructure while enabling companies to fund verifiable plastic waste recovery to neutralize their material footprint.

Has EKI Energy Services implemented similar projects before?

Yes, EKI Energy previously registered India's first plastic waste project with Verra, leveraging that operational model for its international expansion into Bangladesh.

Source: Official regulatory submission to BSE Limited by EKI Energy Services Limited.