Aperam BioEnergia generates 70,000 carbon credits annually from eucalyptus plantations

Aperam BioEnergia, a subsidiary of stainless steel manufacturer Aperam, generates 70,000 carbon credits annually from its 124,000-hectare eucalyptus monoculture plantations in Brazil. The company produces charcoal for iron production and applies biochar to the soil to generate these credits, certified by Puro Earth. Buyers of these credits include Skandinaviska Enskilda Banken, International Workplace Group, The All England Lawn Tennis Club, Deutsche Bank, and Carbon Finance Labs. This activity contrasts with Lakshmi Mittal's criticism of the EU Emissions Trading System, despite his association with Aperam.