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EcoSecurities Increases Portfolio of N2O Abatement Projects in China.


OXFORD, England -- EcoSecurities (LSE LSE - Language Sensitive Editor :ECO E·co   , Umberto Born 1932.

Italian writer best known for his novels, including The Name of the Rose (1981). He has also written extensively on semiotics and British and American popular culture.
) announces that it has signed an agreement with the Shanxi Tianji Coal Chemical Group to develop one of the largest N2O N2O Nitrous Oxide (dinitrogen oxide)  abatement Clean Development Mechanism (CDM 1. CDM - Content Data Model
2. CDM - Code Division Multiplexing
) projects in China.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 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 nitric acid, chemical compound, HNO3, colorless, highly corrosive, poisonous liquid that gives off choking red or yellow fumes in moist air. It is miscible with water in all proportions.  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 Kyoto Protocol: see global warming. , 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 CDM/JI Clean Development Mechanism/Joint Implementation  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 London Stock Exchange

London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses.
 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 UNFCCC United Nations Framework Convention on Climate Change ). The two main objectives of this market based approach are: i) to allow Annex I countries that have specified greenhouse gas (GHG GHG Greenhouse Gas
GHG Governor's Horse Guard (various locations) 
) 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.
COPYRIGHT 2006 Business Wire
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 25, 2006
Words:647
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