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Empresas y finanzas

EcoSecurities Increases Portfolio of N2O Abatement Projects in China


    EcoSecurities (LSE:ECO) announces that it has signed an agreement
    with the Shanxi Tianji Coal Chemical Group to develop one of the
    largest N2O abatement Clean Development Mechanism (CDM) projects in
    China.

    According to this agreement EcoSecurities will provide all the
    necessary funds and technologies, and assist with equipment
    installation and operation. Upon the implementation of the project,
    Tianji Coal Chemical Group will obtain 1.3 million tonnes of emission
    reductions every year from 2007, which will be sold to EcoSecurities
    and another organization.

    Tianji Coal Chemical Group is the largest nitric acid production
    base in China at present, with an annual output of 810, 000 tonnes.
    N2O is produced by the nitric acid equipment during the production
    process, and is one of the strongest greenhouse gases with a
    greenhouse potential of 310 times that of CO2.

    Since the beginning of the year, EcoSecurities had signed ERPAs
    (Emission Reduction Purchase Agreements) for the development of 21 N2O
    abatement projects with Chinese nitric acid plants. EcoSecurities has
    now commenced installation of emission reduction monitoring equipment
    in many of these plants and aims to have this completed by early 2007.

    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 Shanxi Tianji Coal Chemical Group on
    this important project."

    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 over 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 273 projects in 26 countries using 17 different
    technologies, with the potential to generate more than 146 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. In 2006, EcoSecurities won the Point Carbon Award for 'Best
    CDM/JI Project Developer'. EcoSecurities' consultancy division has
    been at the forefront of all the significant policy and scientific
    developments in this field, and has been voted 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.

    About the Clean Development Mechanism

    The Clean Development Mechanism (CDM) is a project based mechanism
    that was established under the Kyoto Protocol to the United Nations
    Framework Convention on Climate Change (UNFCCC). The two main
    objectives of this market based approach are: i) to allow Annex I
    countries that have specified greenhouse gas (GHG) emissions targets
    in Annex B to the Kyoto Protocol to acquire Certified Emission
    Reductions (CERs) from CDM project activities undertaken in Non-Annex
    I parties and count them towards their Kyoto targets and ii) to assist
    countries not included in Annex I to the UNFCCC in achieving
    sustainable development.