News
International Finance Corporation Proposed Investment In AgCert
Dublin, Ireland, February 07, 2005
AgCert International Ltd (AgCert), a company with a unique process for creating agriculturally sourced greenhouse gas (GHG) emission reduction offsets, announces that the International Finance Corporation (IFC) is considering supporting certain of AgCert’s projects in the Latin America Region that could result in US$15 million equity investment in AgCert and a subsequent syndicated debt transaction.
AgCert expects to establish approximately 1,600 bio-digester sites on livestock farms in Mexico, Brazil and other countries, primarily in the Latin American region, over the next few years. Implementation of methane capture and management systems using AgCert’s specially developed processes should enable the annual creation of millions of tons of certified emission reductions credits (CERs) which can be sold to countries and companies, primarily in Western Europe and Japan, that are required to meet specific emission reductions under the Kyoto Protocol and the European Union Emissions Trading System (EU-ETS).
AgCert’s operations are expected to provide sustainable benefits to the regions in which the projects are undertaken in terms of providing a cleaner environment, better water management, additional sources of renewable energy, organic fertilizer and new jobs.
In addition to the initial equity investment and subsequent syndicated debt transaction, this unique relationship is of strategic importance to AgCert and meets the development and sustainability goals of IFC.
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