Camco Acquires a Portfolio of US Emission Reductions Projects

LONDON, August 10, 2010 /PRNewswire/ -- Camco International Limited (Camco, AIM:CAO), a global developer of emission reductions and clean energy projects, has acquired a portfolio of emission reduction projects from Greenhouse Gas Services (GHGS).

The operational projects acquired include reductions from agricultural waste-to-energy installations and landfill gas projects and it is anticipated that they will generate emission reductions in excess of 100,000 tonnes of CO2e per annum. In addition, Camco has acquired rights to additional emission reduction projects.

The acquisition expands Camco's presence as a leading developer in the agricultural waste-to-energy sector in the United States and a leading provider of offsets from livestock projects through the Climate Action Reserve (CAR). Camco now has livestock projects anticipated to deliver over 90,000 CRTs per annum registered with CAR. Camco anticipates registering additional projects in the second half of 2010 that will increase future deliveries.

Jim Wiest, MD US, said, "The projects Camco has acquired from GHGS have a strong track-record, are well managed and provide a pipeline of high quality offsets for future delivery. They add to and complement Camco's existing portfolio of similar projects. The acquisition will help to expand upon our efforts as a leader in the developing emissions to energy market in the US."

Notes to editors:

About Camco

Camco International Limited (Camco, AIM: CAO) is a global developer of emission reductions and clean energy projects with operations in the US, the UK, China, Africa, Russia and SEA.

Camco has a 20 year track record in project development, technical delivery and policy development, working with local industry, multinational companies, governments and regulatory bodies.

Camco's Clean Energy Project Development and Investment teams collaborate with industry, project developers, equipment providers and investor groups to create emissions-to-energy projects and maximise sustainable energy production across a range of industries; including agricultural methane, industrial energy efficiency, coal mine methane, municipal solid waste, biomass and landfill gas.

The Carbon Project Development business has created one of the largest emission reductions portfolios and has structured groundbreaking and innovative arrangements for the sale and delivery of emission reductions to compliance and voluntary buyers.

The Energy and Carbon Advisory teams provide strategic, commercial and technical expertise accrued over two decades to deliver low carbon energy and sustainable development solutions.

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SOURCE Camco International Limited