BGC Environmental Brokerage Services
CO2e continues to lead the way in carbon finance with facilitation of a unique
Ground-breaking transaction involving 100% pre-payment for delivery of credits under the CDM
New York, NY, May 5, 2006 – CO2e.com LLC (CO2e), a leading global broker of greenhouse gas
emissions today announced its facilitation of a unique Clean Development Mechanism (CDM)
transaction involving a total of 1.6 million Certified Emission Reductions (CERs) to be delivered up
to the year 2012.
The multi-million dollar deal, transacted under the CDM, involves the sale of emissions credits
from Agrosuper, the leading pork producer in Chile and the eighth largest in the world, to
Rabobank, one of the world’s leading financial institutions.
The deal is unique and involves an immediate up-front payment of 100% of the purchase price
compared with the normal practice of paying on delivery of the credits each year through the life
of the contract. The project, involving the capture and combustion of methane using innovative
swine manure treatment processes, puts Agrosuper well ahead of worldwide treatment
standards. The ability to receive payment in advance of delivery simplifies Agrosuper’s financing
of the new technology.
“CO2e continues to push forward the boundaries of carbon finance”, said Corinne Boone,
Managing Director, Global Project Origination, at CO2e. “We are delighted to have helped put
this unique structured transaction together and are excited by the possibilities of applying this
approach to other projects.”
Agrosuper CEO, José Guzmán, added, "As a leading player in the developing global emissions
market, we are once again delighted to team up with leading emissions broker CO2e and look
forward to continuing our ongoing relationship with them.”
“Domenic Carratu, global head of Rabobank's Commodities & Weather Derivatives Group,
commented, "Rabobank is delighted to work with top quality companies such as Agrosuper and
CO2e. As a bank, sustainability matters to us, as does providing bespoke financial solutions to
our core clients, as this innovative deal demonstrates".
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About CO2e.com
CO2e.com, LLC. a subsidiary of leading financial services provider Cantor Fitzgerald, L.P., is a
multinational company created to serve as the pre-eminent business- to-business resource for
companies to understand, mitigate and manage the transition to a greenhouse gas constrained
future. CO2e.com, LLC. is organized as CO2e.com Company in Canada, CO2e.com Ltd., in the
UK and operates through Mitsui & Co. in Japan.
Our greenhouse gas (GHG) brokerage is located in London, Toronto, Tokyo and the USA with
local representation in many other countries through agency agreements. We broker verified
emission reductions, AAUs, ERUs (under Joint Implementation), CERs (under the Clean
Development Mechanism), UK Allowances, and EU Allowances. We have brokered tens of
millions of tonnes of greenhouse gas offsets globally. We have extensive experience in the global
greenhouse gas market and have successfully facilitated transactions in Canada, the United
States, Europe, Latin America and Japan. Additional information on CO2e.com can be found at
www.co2e.com.
About Agrosuper
Agrosuper’s business mission is to provide complete solutions to its costumers with regards to the
timely supply of products into domestic and international markets. Its number one priority is to
attain total quality with respect to products and service, thereby being able to ascertain
unparallel freshness and quality, all of which Agrosuper only is able to achieve. Additional
information on Agrosuper can be found at www.agrosuper.com.
About Rabobank
"Rabobank is one of the world's largest banks, and the only privately owned AAA-rated entity.
Its co-operative ownership structure means it takes a long-term view of key sustainability and
environmental issues. Its unique focus on the Food and Agricultural sector globally makes it a
natural partner on this transaction."
Notes
The CDM is a market-based mechanism under the Kyoto Protocol to encourage commercial
investment in sustainable development projects in developing countries that reduce greenhouse
gas emissions.
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Media Contacts:
Gavin Anderson – UK
+44 (0) 20 7894 1458
Gavin Anderson – US
+1 212 515 1933
CO2e -
UK
Timo Kindred
+44 (0) 20 7894 7292
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