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March 21, 2009 World Wide Recycling Bangladesh, (WWR) launched its organic fertilizer product ‘Waste Concern Jaiba Sar – WCJS’. WWR is a joint venture between WASTE CONCERN in Dhaka and WORLD WIDE RECYCLING (WWR) from the Netherlands.

The new product was launched at the Daily Star office,  in the presence of the Ambassador of the Kingdom of the Netherlands in Dhaka, Mrs. Bea ten Tusscher and the chief guest from the Netherlands CEO of the Development Finance Company (FMO), Mr. Nanno Kleiterp.

The Netherlands Development Finance Company provides loans to organizations in developing countries and also financed WWR. FMO thereby serves as a catalyst in mobilizing private capital, which is essential for development of the private sector in Bangladesh. FMO runs a portfolio of approximately 80 million euro in Bangladesh.

WWR is also financed by the Netherlands ministry of Development Cooperation with an amount of 500.000 euro. Formation of Public Private Partnerships in the field of Development Cooperation is a priority for the Dutch Government. The Netherlands Government therefore provides financial support for the setup of innovative joint ventures in Bangladesh. A successful Joint Venture established with the financial assistance of the Dutch Government: stimulates the private sector, creates employment, and allows transfer of knowledge.

Also the Triodos Bank of the Netherlands and the Dutch Bangla Bank provided loans for the project. 

WWR collects daily organic waste from vegetable markets in Dhaka, and transports this to their composting site in Bulta, Rupganj, Narayanganj. At this site WWR makes compost out of this organic waste which is sold to farmers in Bangladesh.

WWR is the first organic waste composting project using the Carbon Trading Scheme. Because WWR reduces the emission of methane, a very harmful green house gas, from the organic waste through the composting process; WWR earns Carbon Credits following the Clean Development Mechanism of the Koyoto Protocol. These Carbon Credits are traded at the world market and form a valuable source of revenue for the project. Apart from reducing Green House Gas emission, the project creates considerable employment for the urban poor, provides an effective solution for waste management in Dhaka, and improves the soil of Bangladesh by offering a substitute for chemical fertilizer.  

The seminar was moderated by Mr Fahim Munaim, managing editor of the Daily Star. Other distinguished guests were Mr. Iftekhar Enayetullah and Mr. A.H.Md.Maqsood Sinha of Waste Concern as well as Mr. Jan Boone of WWR BV.

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