Base Carbon has entered into an agreement to facilitate the development of a cookstove and water purifier carbon reduction project in Vietnam with Sustainability Investment Promotion and Development Joint Stock Company (SIPCO), through its parent company [INTRACO](https://www.carbonvietnam.com/) as a proven in-country project developer and operator.

Citigroup Global Markets Limited is the carbon credit offtaker to SIPCO for the project.

**Project Description:**  

- Base Carbon will fund the manufacturing and distribution of 850,000 fuel-efficient cookstoves and 364,000 safe-drinking water purifiers to families in rural areas of Vietnam.
- The project is expected to generate approximately 26.6 million carbon credits over it’s 10-year crediting period
- Distribution of devices has begun and is expected to be completed by mid 2023.
- The Project has been registered with Verra’s VCS program under Project IDs [2548](https://registry.verra.org/app/projectDetail/VCS/2548) and [2557](https://registry.verra.org/app/projectDetail/VCS/2557).
- 51.4%<sup>1</sup> of Vietnam’s primary household energy is generated from solid fuel combusted within open fires or inefficient cookstoves for cooking and water sanitization. In addition to contributing to carbon emissions, current practices are unsafe and can lead to serious respiratory illnesses.
- Both types of devices are recognized under well-established carbon reduction methodologies with additional and far-reaching social benefits.

**Project Partner Credentials:**

- INTRACO has 20 years of operating, environmental and safety management experience within Vietnam and has developed +100 registered carbon projects to date on behalf of many well-known multinational corporations.
- The project will be operated in partnership with the Women’s Union of Vietnam (+17 million members) to provide device distribution, continuous education and support to participating households.


Vietnam Household Devices

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Sustainable_Development_Goals updated.png

+3.0 million

334,000

people employed in production of cookstoves

+300

INTRACO/SIPCO’s Impact¹

reduction in CO2 emissions and deforestation

Bacteria removed using certified ceramic water purifier

99.99%

Household Devices Impact²

###### ¹ [INTRACO Website](https://www.carbonvietnam.com/our-project)
###### ² [Vietcharcoal Website](https://vietcharcoal.com.vn/product)

The project is predicated on reducing carbon emissions while, in tandem, improve household health and overall quality of life.