11th Mar 2008 07:00
EcoSecurities Group plc11 March 2008 ECOSECURITIES REGISTERS 101st CDM PROJECT Dublin, 11 March 208: EcoSecurities, a leading company in the business ofsourcing, developing and trading carbon credits, has announced the successfulregistration of its 101st Clean Development Mechanism (CDM) project, TianjiGroup Line 1 N2O abatement project, which is located in Lucheng City in Shanxiprovince, and has an output of 130,00 tonnes of nitric acid per year. This project is being developed by EcoSecurities and Tianji Coal ChemicalIndustry Group Co. Ltd and utilises a secondary N2O abatement catalysttechnology to reduce N2O emissions which is a strong greenhouse gas (310 timesmore potent than CO2). It is expected that this project will generate around500,000 CERs a year and over 2.5 million CERs through to 2012. In addition tothis project, there are also several other N2O projects currently making theirway through the CDM process. Belinda Kinkead, Head of Implementation at EcoSecurities, said, "We are veryproud to have successfully registered the Tianji N2O project with the CDM EB.This is the first successfully registered N2O project in our portfolio and wehave a further 15 projects at various stages of the CDM implementation cycle." Pedro Moura Costa, President at EcoSecurities, commented, "It is encouraging tosee EcoSecurities continue to expand its market share, having registered 101 outof 937 registered projects in the CDM pipeline. I am confident that we willcontinue to build on these successes throughout 2008." - Ends - For further information please contact: EcoSecurities Group plcRachel Mountain +44 (0) 1865 202 635 Citigate Dewe Rogerson +44 (0) 207 638 9571Kevin Smith Ged Brumby Editor's Notes: About EcoSecurities: EcoSecurities is one of the world's leading companies in the business ofsourcing, developing and trading carbon credits. EcoSecurities structures andguides greenhouse gas emission reduction projects through the project cycle,working with both project developers and buyers of carbon credits. 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 over 25 countries on fivecontinents, EcoSecurities has amassed one of the industry's largest and mostdiversified portfolios of carbon projects. Utilising its highly diversified portfolio, EcoSecurities is able to structurecarbon credit transactions to fit any buyers' needs, and has executedtransactions with both private and public sector buyers in Europe, North Americaand Japan. Working at the forefront of carbon market development, EcoSecurities has beeninvolved in the development of many of the global carbon market's most importantmilestones, including developing the world's first CDM project to be registeredunder the Kyoto Protocol. EcoSecurities Global Consulting Services has been atthe forefront of all significant policy and scientific developments in thisfield. EcoSecurities has been voted 'Best Advisory Firm - Kyoto ProjectCredits' over the last seven years by reader surveys conducted by EnvironmentalFinance magazine. EcoSecurities Group plc is listed on the London Stock Exchange AIM (ticker ECO). Additional information is available at www.ecosecurities.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Eco (atlantic)