ARCADIS Takes Part in Sale of Carbon Credits.ARNHEM, The Netherlands -- ARCADIS (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ARCAF, EURONEXT: ARCAD) today announced that Biogas bi·o·gas n. A mixture of methane and carbon dioxide produced by bacterial degradation of organic matter and used as a fuel. biogas Noun gaseous fuel produced by the fermentation of organic waste , a partnership of the Brazilian ARCADIS Logos with the Dutch Van der Wiel and the Brazilian Heleno Fonseca Construtechnica, has signed a contract for the sale of carbon credits. Under the contract 1 million tons of carbon credits will be delivered to the German bank KfW in twelve months, starting June 2006, once the final verification report is issued. The carbon credits have been produced and validated according to the Kyoto Treaty. ARCADIS' ultimate share is 16%. KfW acquired the carbon credits for buyers within the European Union's Emission Trading Scheme (EU ETS ETS Educational Testing Service (nonprofit private educational testing and measurement organization) ETS Emergency Telecommunications Service ETS Electronic Trading System ETS Engineering (&) Technical Services ), which was established to allow trading of CO2 emission reduction certificates (CER Cer goddess of violent death. [Gk. Myth.: Kravitz, 75] See : Death CER - Canonical Encoding Rules ). In 2003, Biogas developed the largest landfill gas energy plant in the world, producing 170 million kWh per year of electrical power from methane extracted from Sao Paulo's Bandeirantes landfill. The methane gas from the landfill is hazardous to the environment and affects global warming. Methane gas is considerably more harmful to greenhouse problems than CO2. Also, by using the methane gas instead of fossil fuel for generating energy, additional emission of CO2 is being avoided. "This contract is a good example of the way ARCADIS takes a leading role in developing projects that contribute to improving our environment. We are taking pride in being involved in the reduction of global warming effects. I expect that more contracts will follow in the field of certified emission reductions", says Harrie Noy, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ARCADIS. ARCADIS is an international company providing consultancy, engineering and management services in infrastructure, environment and facilities, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 10,000 employees and over EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1 billion in gross revenue, the company has an extensive international network that is supported by strong local market positions. Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with possible changes in environmental legislation and risks with regard to the Company's ability to acquire and execute projects. These are other risks are described in ARCADIS' filings with the Securities and Exchange Commission over the last 12 months, copies of which will be available from the SEC or may be obtained upon request from the Company. |
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