19 Apr 2010 07:00
April 19, 2010
Camco International Limited (the 'Company')
Camco continues to expand its investment and project development operations in North America.
Camco has teamed up with a US investor group to finance an initial portfolio of agricultural methane to energy projects worth $54 million.
Camco has also recently formed a consortium AgPower Group LLC to build and operate renewable energy project in the agricultural sector. AgPower Group has extensive experience in building anaerobic digesters that convert manure and other agricultural waste products into renewable energy.
These types of projects have diversified revenue streams which include energy, byproducts, RECS and carbon offsets.
Camco provides dairy farms with the full suite of capabilities required to design, build, finance and operate biomass-to-renewable energy project. In addition to improving the greenhouse gas emissions footprint of the farms, these projects also generate renewable energy, improve upon current manure management practices, and enhance odor control.
Jim Wiest, MD Camco North America: "This demonstrates our strong belief and commitment to the growing Agricultural market in the US."
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Enquiries:
| Camco | +44 (0)20 7121 6100 +44 (0)20 7121 6100 |
| Scott McGregor, Chief Executive Office |
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| Graeme Halder, Chief Financial Officer |
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| KBC Peel Hunt Ltd (Nominated Adviser and Broker) | +44 (0)20 7418 8900 +44 (0)20 7418 8900 |
| Jonathan Marren |
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| David Anderson |
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| Matthew Tyler |
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| Kreab Gavin Anderson | +44 (0)20 7074 1800 |
| Ken Cronin |
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| Kate Hill |
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| Matt O'Leary
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Notes to editors:
Camco operates in a wide range of activities in this sector involving farming practices, agricultural sequestration, and the execution of renewable energy projects fueled by agricultural waste. Camco has a significant number of agricultural methane projects on the California Action Reserve.
A typical agricultural methane project would consist of installation of an anaerobic digester and a generator on a large dairy farm. The digester turns the manure into biogas that can be used to generate electricity. The project benefits from the destruction of GHG, produces clean electricity, bacteria /odors reduction, and improves manure management for the dairy.
About Camco
Camco is a global emissions reduction company providing project development, advisory and commercial expertise in the clean energy space.
Camco has a 20-year track record of operations in China, US, Russia, the UK and Africa, bringing together the distinct but complementary service areas of Carbon, Advisory and Investments to help its clients and partners manage all aspects of reducing emissions.
The Carbon business unit has developed one of the largest emission reduction portfolios by working closely with companies to identify and develop projects that reduce greenhouse gas ("GHG") emissions. The team has structured groundbreaking and innovative transactions for the sale and delivery of certified emission
reductions to compliance and voluntary buyers.
The Advisory business unit combines strategic, commercial, financial and technical expertise accrued over two decades to deliver low carbon energy and sustainable development solutions. Our experience spans emission assessments, carbon management strategies and project delivery, as well as international energy
and climate change policy.
Camco's Investment business unit collaborates with manufacturers, project developers, technology providers and investor groups in our chosen sectors to develop emission reduction projects. We work locally in our markets to identify, develop and deliver projects in methane abatement, industrial energy efficiency and renewable energy.