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REGOM emission reduction for EOL tires - Coggle Diagram
REGOM emission
reduction for
EOL tires
Project type 2: CO2 basic application
2. Rubber and
steel recycling
2.2 Sell carbon
credits thorugh
meth revision
Same as 1.2, except
Timing:
Meth revision: 6mo-1yr
Costs:
7,500 USD (meth revision) + 60,000 USD/yr for ERs project & claims
Incomes:
5-12.5 USD/tCO2e (170k-420k USD/yr)
Potential (steel): high
Potential (crumb rubber): medium
2.1 Certify as carbon
neutral product
Same as 1.1
Potential: low
3. Fossil fuel switch in cement plants
Calculation required to estimate potential ef emission reductions.
Potential: medium (to be defined after calculation)
Project type 1: Data tracking &
certification
1.3 Sell EPR credits
in India
EPR for tire industry in India:
"ensure environmentally friendly management of EOL tires, mainly by buying EPR certificates."
Under CPCB EPR credit model (Central Pollution Control Board)
Costs:
180-600 USD / 5yr (registration) + 600-2.5k USD (validation) + 160-600 USD/yr (management)
Income: 30-90 USD / ton tire
Timing:
2-4mo (registration & authorization) + 3 mo - 1 yr credit generation
Potential: high (tires included in EPR framework)
More info:
https://www.agileregulatory.com/service/epr-registration-for-waste-tyres
1.2 Sell carbon
credits through
new methodology
Verra (& Scope 3)
Costs:
15,000 USD (new meth) + 60,000 USD/yr for ERs project and claims
Timing:
New meth: 1-2 years
Income:
5-12.5 USD/tCO2e
Potential: medium
Art 6
Potential: low (bottle neck: CDM meth migration)
1.1 Certify as carbon
neutral product
Certification
ISO 14068-1
& ISO 14067
Goal: Path to net zero (2050),
How: Quantify - Reduce - Remove - Offset
and MGMT commitment to carbon neutrality.
Timing:
6 months (upon data gathering)
Potential: high, but unclear monetary benefit
2nd phase:
local market
USA to USA, India to India
1st phase:
USA to India
Income:
none (directly), but increase price in the certified product
Costs:
4,080 USD/yr + removals + offsets
1.4 Search financing in USA
(EPR fees)
Through Circular Action Alliance (CAA)
Tire producer pays annual fee to CAA, which is used for recycling projects
Potential: unknown, research to be done