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Green Gas International and New World Resources Create Metha

发布时间:2018-10-06 13:52 作者:AG88 来源:AG 点击: 字号:



-- New Joint Venture Company, Green 大发体育Gas International B.V., Becomes a Leader in Gas Management for Coal Mine and Landfill Sites

LONDON, May 24 /Xinhua-PRNewswire/ -- Green Gas International Limited, a company that reduces harmful greenhouse gas emissions through methane utilisation, has agreed to merge with OKD, DPB a.s., a Czech coal-bed methane company which is wholly owned by New World Resources B.V. (NWR). The new joint venture company is called Green Gas International B.V. and has also raised EUR 15.5 million of additional equity capital. NWR is a Dutch coal, logistics and energy holding company that is the sole shareholder in the Czech Republic’s largest hard coal mining company, OKD a.s.

Green Gas International B.V. becomes a leader in methane gas management and utilisation for coal mine and landfill sites. This new group brings together project development and financing expertise, a project pipeline, and more than 30 yearAAAAperience in underground methane gas capture, ventilation and utilisation, as well as the ability to deal with projects under the Kyoto Protocol. It has established businesses in the Czech Republic and Germany, countries known for their high standards of safety, especially in their coal mines and has projects in development in the USA, Ecuador, Chile and Ukraine.

Chris Norval, Executive Chairman and co-founder of Green Gas International Limited, will lead the new group. Commenting on the merger he saiAAAAAAAA> "Our new joint venture has a compelling offer for coal mine and landfill site operators. It provides a safe, commercially attractive and environmentally-friendly solution to their methane gas management problems.

With the additional injection of new equity capital, we now have the resources to accelerate the development of our exciting project pipeline."

"In little more than two years, Green Gas International has grown through acquisition and organic means to become a real force in the dynamic climate mitigation industry. We are now uniquely positioned to develop our potential project pipeline of 350 MW electricity generating capacity, in global emerging markets, over the next five years."

Zdenek Bakala, a member of the Boards of Directors of NWR and OKD, said: "The Kyoto Protocol has created a whole new industry to manage climate change, which is growing rapidly. By combining our coal mine gas management business with Green Gas International and its management team, we have created a leader in coal mine and landfill gas mitigation, which is ideally positioned for further rapid growth."

NWR has a shareholding of approximately 70 per cent in Green Gas International B.V. Former shareholders in Green Gas International Limited and the French private equity fund Demeter own the balance of the shares.

Citigroup is acting as sole advisor and placement agent to Green Gas.

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