Orbia's Precision Agriculture Business Netafim Reveals First Carbon Credits Initiative for Global Rice Growers at COP27

Program developed to incentivize environmental cultivation of one of the world's most critical grains 

TEL AVIV, Israel and SHARM EL-SHEIKH, Egypt, Nov. 9, 2022 /PRNewswire/ -- Netafim, an Orbia business and a global leader in precision agriculture solutions, today announced the first ever carbon credit program for drip-irrigated rice. The aim of this inaugural program is to dramatically reduce methane emissions from rice cultivation to almost zero, while providing additional long-term income to growers.

Rice is the most prolific source of sustenance worldwide, approximately accounting for 21% of global per capita caloric intake, and 27% per capita caloric intake in developing countries. A staple for more than half of the world's population, rice cultivation uses 30-40% of the world's annual consumption of freshwater while contributing to over 10% of the world's methane emissions.    

With a history dating back to 1960s Israel as the pioneer of drip irrigation, Netafim has developed the end-to-end irrigation technology to revolutionize rice farming. For over 15 years, Netafim has been conducting research trials to create a sustainable approach to the crop's cultivation and a viable and resource-efficient alternative to traditional growing methods. As compared to conventional rice paddy farming, Netafim's drip irrigation technology out-produces paddy cultivation while using 70% less water, 30% less fertilizer, 36% less energy while reducing methane emissions to nearly zero and arsenic uptake by up to 90%.

With Netafim's innovation, carbon credits serve an important role in financially assisting farmers in adopting sustainable or regenerative agricultural practices that reduce or sequester emissions, with each credit representing one ton of CO₂ equivalent emissions.

Said Sameer Bharadwaj, CEO of Orbia, "Netafim's carbon credit program is a pioneering example of our company's commitment to solving for global food security and economic enablement while contributing to a healthy planet. Through this program, we are challenging 5,000-year-old assumptions about rice farming and demonstrating better, cleaner and more productive ways to sustain and advance lives around the world, by the billions."

"If just 10% of paddy rice farmers switch to drip, the drop in emissions will be equivalent to taking 40 million cars off the road," said Gaby Miodownik, Orbia's Executive Vice President & President, Precision Agriculture (Netafim). "This program marks the first time a carbon credit is being generated based on the application of irrigation technology. Netafim is extremely proud to lead this initiative. In the face of climate change, the only surefire route to sustainable agriculture is to grow more with less—less land, less water and significantly less greenhouse emissions."

The first project for this program is located at the LaFagiana Farm in Venice, Italy and will be registered with Verra. The carbon credits program will be available to farmers around the world interested in regenerative agriculture practices beginning in 2023.

About Orbia

Orbia is a company driven by a shared purpose: to advance life around the world. Orbia operates in the Polymer Solutions (Vestolit and Alphagary), Building and Infrastructure (Wavin), Precision Agriculture (Netafim), Connectivity Solutions (Dura-Line) and Fluorinated Solutions (Koura) sectors. The five Orbia business groups have a collective focus on expanding access to health and wellness, reinventing the future of cities and homes, ensuring food and water security, connecting communities to information and accelerating a circular economy with basic and advanced materials, specialty products and innovative solutions. Orbia has commercial activities in more than 110 countries and operations in over 50, with global headquarters in Boston, Mexico City, Amsterdam and Tel Aviv. To learn more, visit: orbia.com.

About Netafim

Orbia's Precision Agriculture business Netafim is the world's largest irrigation company and a global leader in precision agriculture solutions committed to fight scarcity of food, water and land, for a sustainable future. Founded in 1965, Netafim pioneered the drip revolution, creating a paradigm shift toward precision irrigation. Today, specializing in end-to-end solutions from the water source to the root zone, Netafim delivers irrigation and greenhouse projects as well as landscape and mining irrigation solutions supported by engineering, project management and financing services. Netafim is also leading the way in digital farming, irrigation and fertigation, integrating real-time monitoring, analysis and automated control into one state-of-the-art system. With 33 subsidiaries, 19 manufacturing plants, 2 recycling plants and over 5,000 employees worldwide, Netafim's tailor-made irrigation and fertigation solutions reach millions of farmers, allowing smallholders to large-scale agricultural producers across 110 countries to grow more with less^TM. To learn more, visit: www.netafim.com.