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The Low Carbon Economy Ltd

23 Oct 2009 09:10:07

Green project in Netherlands gets funding

Green project in Netherlands gets funding
A new green programme in the Netherlands has received €25 million in funding from ABN-AMRO Bank.

The cash boost is part of an overall investment of €80 million in the sustainable project, which aims to save 52 million cubic metres of natural gas.

Entitled Warm CO2, the scheme will involve the construction of a national grid that will redistribute heat and carbon from the Yara region of the country.

A pipeline will then carry the residual energy to vegetable farmers in the nearby region of Ternezuen, who will use the greenhouse gases and prevent them from entering the atmosphere.

Jan Uilenreef, managing director of Warm CO2, said: "ABN-AMRO Bank has been able to offer us a financial agreement at a favourable interest rate, which will help us with the further development of the project.

"So far they have demonstrated a very flexible and customer focused approach, showing that they really care about the innovative and sustainable character of the project."



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