Camco signs carbon project deals in China

Camco International has signed contracts with China's largest cement maker to assess and develop energy efficiency projects.

Camco did not disclose the value of its agreement with Anhui Conch Cement Company, although it stated that it would receive an annual cash service fee payment up to 2020.

The company will utilize its high efficiency waste heat recovery technology to capture heat from the cement making process and recycle it to producer power in on-site power plants.

The projects can earn U.N.-issued carbon credits because the power they produce will displace electricity that would previously have been taken from the local grid which is powered by fossil fuels that are blamed for warming the planet.

Collectively the projects are designed to generate 29.5 million carbon credits, so-called certified emission reductions between 2012 and 2020, the statement said.

Camco, which has been working with Conch since 2005, will provide development and assessment services for 13 of the energy efficiency projects.

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