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BN 08/10 12:58 *CAMCO BUYS A PORTFOLIO OF US EMISSION REDUCTIONS PROJECTS
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Camco Acquires a Portfolio of US Emission Reductions Projects
2010-08-10 12:58:46.459 GMT
Camco Acquires a Portfolio of US Emission Reductions Projects
PR Newswire
LONDON, August 10, 2010
LONDON, August 10, 2010 /PRNewswire/ -- Camco International Limited (Camco,
AIM:CAO), a global developer of emission reductions and clean energy projects,
has acquired a portfolio of emission reduction projects from Greenhouse Gas
Services (GHGS).
The operational projects acquired include reductions from agricultural
waste-to-energy installations and landfill gas projects and it is anticipated
that they will generate emission reductions in excess of 100,000 tonnes of
CO2e per annum. In addition, Camco has acquired rights to additional emission
reduction projects.
The acquisition expands Camco's presence as a leading developer in the
agricultural waste-to-energy sector in the United States and a leading
provider of offsets from livestock projects through the Climate Action Reserve
(CAR). Camco now has livestock projects anticipated to deliver over 90,000
CRTs per annum registered with CAR. Camco anticipates registering additional
projects in the second half of 2010 that will increase future deliveries.
Jim Wiest, MD US, said, "The projects Camco has acquired from GHGS have a
strong track-record, are well managed and provide a pipeline of high quality
offsets for future delivery. They add to and complement Camco's existing
portfolio of similar projects. The acquisition will help to expand upon our
efforts as a leader in the developing emissions to energy market in the US."
Notes to editors:
About Camco
Camco International Limited (Camco, AIM: CAO) is a global developer of
emission reductions and clean energy projects with operations in the US, the
UK, China, Africa, Russia and SEA.
Camco has a 20 year track record in project development, technical delivery
and policy development, working with local industry, multinational companies,
governments and regulatory bodies.
Camco's Clean Energy Project Development and Investment teams collaborate with
industry, project developers, equipment providers and investor groups to
create emissions-to-energy projects and maximise sustainable energy production
across a range of industries; including agricultural methane, industrial
energy efficiency, coal mine methane, municipal solid waste, biomass and
landfill gas.
The Carbon Project Development business has created one of the largest
emission reductions portfolios and has structured groundbreaking and
innovative arrangements for the sale and delivery of emission reductions to
compliance and voluntary buyers.
The Energy and Carbon Advisory teams provide strategic, commercial and
technical expertise accrued over two decades to deliver low carbon energy and
sustainable development solutions.
http://www.camcoglobal.com
Enquiries:
Camco +44(0)20-7121-6100
Scott McGregor, Chief Executive Officer
Graeme Halder, Chief Financial Officer
M:Communications (Public Relations
Advisor)
Charlotte Kirkham +44(0)20-7920-2331
Elly Williamson +44(0)20-7920-2339
Patrick d'Ancona +44(0)20-7920-2347
SOURCE Camco International Limited
Contact: Camco, +44(0)20-7121-6100, Scott McGregor, Chief Executive Officer,
Graeme Halder, Chief Financial Officer; M:Communications (Public Relations
Advisor), Charlotte Kirkham, +44(0)20-7920-2331, Elly Williamson,
+44(0)20-7920-2339, Patrick d'Ancona, +44(0)20-7920-2347
-0- Aug/10/2010 12:58 GMT
