As developers, industries and sewage treatment plant operators work to meet new Pennsylvania limits for discharges into the Chesapeake Bay Watershed, Red Barn Trading Company announced it has executed the Commonwealth’s first nutrient credit sale.

Red Barn’s landmark first nutrient credit sale is a sale of credits over a five-year period for a Susquehanna County development by developer Daniel Maisano, Dunn Lake LLC, which is using the credits toward permitting a package sewage treatment plant for a residential development, according to Peter Hughes, Red Barn Trading president.

Red Barn uses its agricultural client base to identify farm improvements that generate credits, and then pools credits for buyers. Red Barn holds the majority of available Department of Environmental Protection certified credits and has applications for more than 100,000 more credits pending before DEP.

DEP’s nutrient reduction goals for 2010 apply to both new or existing facilities and developments in the watershed, and the new discharge limits are designed to reduce phosphorus and nitrogen in the Chesapeake Bay Watershed.

Red Barn also was the first entity to have water quality credits certified by DEP for trading.

NewsClip: Red Barn Executes First Nutrient Credit Trade

11/3/2006