EKI Energy Services Expands Ambition, Scale with JV with Shell, Office In Dubai

As companies get more aware about carbon goal setting, relevance of carbon credits too, appears to be gaining traction. That means an expanding opportunity for EKI Energy Services, a firm that is focused on the carbon credits and trading market.

The Manish Dabkara led EKI Energy Services Limited and Shell Oversea Investments BV’s have announced a Joint Venture for Carbon Emission Reduction. The carbon reduction will be achieved through nature-based solutions India. The firm claims that the JV is expected to be a game changer as far as the market of carbon credits trading goes, as it appears to be one of the biggest deals around carbon credit trading in India. It was also reported earlier this week that oil major Shell will invest $1.6 billion over a five-year period to provide.

The joint venture will work on the conservation, enhancement and restoration of natural ecosystems – such as forests, agriculture, grasslands, wetlands and blue carbon. Globally, countries have seen carbon market, where these credits can be bought and sold, as a way to help them achieve ambitious emissions reduction targets

EKI’s CMD and CEO, Manish Dabkara, said, “This ushers in a new era for climate change mitigation in the country, the new company will not only further EKI’s current on-ground execution on nature based solutions to a large scale but will also provide a much-needed impetus for climate actions in India.”

For Shell, which has set a target to become a net-zero emissions energy business by 2050, the focus on avoiding and reducing its overall emissions remains.

Shell General Manager, Asia Pacific, Nature Based Solutions, Kazeem Khan said, “Through this joint venture and the collaboration with Enking, we look forward to helping unlock nature’s climate change mitigation potential and bringing lasting environmental and social co-benefits.”

In keeping with the market hopes and expectations, EKI, has been on a growth trajectory. As its share prices rocketed ever since its stock exchange listing in April 2021, the company has been on a roll. The company also registered its presence in Dubai, the business hub of Western Asia. The expansion for this green consultancy firm based out of Indore is a step up in to the global carbon credit trading market. EKI has incorporated a wholly owned subsidiary company named – “EnKing International FZCO (“The Company”)” in Dubai free zone (IFAZA).

Dabkara, said, “This strategic move will enable us to strengthen our operations in the Middle East as we fast track the climate change ambitions of businesses here. As we continue to expand our presence globally, we will consistently endeavor to build a sustainable future in all the markets with our comprehensive bouquet of turnkey solutions for carbon asset management”.

With this subsidiary, EKI will be able to widen the scope of its climate actions to newer markets. The company currently has over 2500 clients across 40 countries and its offerings include Carbon Credit/Asset Management, Carbon Credit Supply, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives.