Business
Strategic update on US business
Strategic update on US business.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n \nRNS Number : 2457L Camco International Ltd 28 July 2011 \n \n\n \nCamco International Limited (\"Camco\" or \"the Company\")\nStrategic update on US business \nCamco, a global developer of emission reductions and clean energy projects, is pleased to provide the following update on its US business.\nHighlights\n· Camco's large dairy biogas project in the US is now under construction and on track to generate energy and revenues in the first quarter of 2012\n· Camco currently has over 2 million tonnes of carbon credits under management in North America with over 1 million tonnes registered\n· Camco, with its partners, was awarded a share of $1.5 million grant from the US Department of Agriculture to develop a program to improve nitrogen management practices on farms and reduce N2O emissions, a potent greenhouse gas\nOver the past 3 years Camco has expanded its presence in North America, making major progress in the first half of 2011. One of the company's primary areas of focus is the development of clean energy projects in the agricultural sector. Anaerobic digestion of manure from livestock operations in the US has the potential to produce more than 4,500 MW of base load generation and large volumes of emissions reductions. Non-manure agricultural feedstock has significant potential to generate renewable energy as well as other environmental benefits.\nCamco now has an established track-record in converting emissions reductions from agricultural sources into high-quality, compliance eligible offsets. \nCamco's project development in the US\nCamco has put together a consortium AgPower Group LLC (\"AgPower\") with extensive experience in building anaerobic digesters that successfully convert manure and other agricultural organic feedstock into renewable energy. The initial focus of AgPower Group is on the dairy sector with a view to expanding into other agricultural feedstock areas. \nAs announced on 16 May 2011, Camco is currently constructing what will be the largest dairy biogas project in North America, in Idaho, designed to capture biogas from cow manure and provide the fuel for 4.5MW of electrical generation capacity. This capacity translates into 39.4 million kWh of generation. Completion of construction is anticipated in the fi...