EcoSecurities Group plc
12 July 2006
EcoSecurities signs 8 N2O Reduction CDM Projects in China
UK, July 10, 2006: EcoSecurities, one of the world's leading companies in
originating, developing and trading carbon credits, has successfully entered
into Emission Reduction Purchase Agreements (ERPA) with eight nitric acid plants
in China that intend to develop N2O reduction projects under the Clean
Development Mechanism (CDM).
These N2O projects are expected to generate up to 9 million tonnes of Certified
Emission Reductions (CERs) to 2012. Plant owners include large state-owned
companies as well as both private Chinese chemical and fertilizer companies.
Under the agreements, EcoSecurities will assist companies in sourcing the
technology and equipment needed; develop the CDM component of the projects; and
acquire all the carbon credits generated by these plants.
EcoSecurities' President and COO, Pedro Moura Costa, said, "This deal is
extremely significant for us and our business and we are very pleased to start
working with our Chinese counterparties on these important projects.
EcoSecurities' proven China-specific CDM knowledge and development experience
will now be used to guide these N2O reduction projects through the CDM
lifecycle."
-Ends-
For further information please contact:
Jill Barker
Marketing Department
EcoSecurities
Tel: +44 (0) 1865 202 635
Email: jill.barker@ecosecurities.com
Editor's Notes:
About EcoSecurities:
EcoSecurities is one of the world's leading companies in the business of
originating, developing and trading carbon credits. EcoSecurities structures and
guides greenhouse gas emission reduction projects through the Kyoto Protocol,
acting as principal intermediary between the projects and the buyers of carbon
credits.
EcoSecurities works with companies in developing and industrialising countries
to create carbon credits from projects that reduce emissions of greenhouse
gases. EcoSecurities has experience with projects in the areas of renewable
energy, agriculture and urban waste management, industrial efficiency, and
forestry. With a network of offices and representatives in 20 countries on five
continents, EcoSecurities has amassed one of the industry's largest and most
diversified portfolios of carbon projects. Today, the company is working on 195
projects in 26 countries using 16 different technologies, with the potential to
generate more than 121 million carbon credits.
EcoSecurities also works with companies in the developed world to assist them in
meeting their greenhouse gas emission compliance targets. Utilising its highly
diversified carbon credit portfolio, EcoSecurities is able to structure carbon
credit transactions to fit compliance buyer's needs, and has executed
transactions with both private and public sector buyers in Europe, North America
and Japan.
Working at the forefront of carbon market development, EcoSecurities has been
involved in the development of many of the global carbon market's most important
milestones, including developing the world's first CDM project to be registered
under the Kyoto Protocol. EcoSecurities' consultancy division has been at the
forefront of all the significant policy and scientific developments in this
field. EcoSecurities Consult has been recognised as the world's leading
greenhouse gas advisory firm over the last five years by reader surveys
conducted by Environmental Finance Magazine.
EcoSecurities Group plc is listed on the London Stock Exchange AIM (ticker
ECO.L). Additional information is available at www.ecosecurities.com.
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This information is provided by RNS
The company news service from the London Stock Exchange
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