London, 10 August 2010
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.”
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