EcoloCap Signs Carbon Credit Deals in Vietnam and China

Montreal-based EcoloCap Solutions Inc., a provider of solutions to help businesses combat climate change, announced that it has signed additional projects and preliminary agreements in Vietnam and China. In Vietnam, EcoloCap has signed agreements with one Biomass Valorization project and three new Hydro Power projects. In China agreements were signed with four large Industrial Improvements projects involving two steel mills, one cement production complex and one coal mine. Most contracts are for a period of 17 years. EcoloCap lends its know-how, capital, technology, engineering and ground operations management to governments and enterprises in developing countries in order to reduce greenhouse gases for both capture and utilization, in the process acquiring UN certified Carbon Credits (CERs), which are then sold on the world market at prevailing prices.