Our History

Founded in 2009, ClimeCo pioneered the development of emission-reduction projects at U.S. nitric acid plants and has rapidly evolved into a leading full-service environmental commodity firm. Today, ClimeCo is a global company that focuses on developing, trading, and advising on emerging environmental markets, including greenhouse gases and renewable natural gas and energy. We operate at the forefront of an exciting transformation as global businesses, governments, and environmental advocates recognize that environmental markets are the most efficient way to address environmental challenges.

Here’s a look at our history.

2009

2009: ClimeCo Founded

Cofounders William E. Flederbach Jr., Yuda Saydun and Markus Althausen launch ClimeCo with a flagship office in Miami, Florida.

2009

Nitric Acid Protocol Initiated

ClimeCo champions the Nitric Acid Production Protocol with the Climate Action Reserve (CAR).

2009

Version 1 Protocol Issued

ClimeCo joins the CAR Protocol working group and represents The Fertilizer Institute (TFI) and its members. CAR issues the Nitric Acid Protocol Version 1 on December 2, 2009.

2009

First Contracts Secured

ClimeCo secures its first two contracts to evaluate carbon opportunities in the cement and alternative fuel sectors. These include advisory services around Renewable Fuel Standard 2.

2010

Joint Development Agreement Executed

ClimeCo forms a joint venture with El Dorado Nitrogen, L.P. to manage the first CAR-listed secondary abatement catalyst project in the U.S. The project is estimated to create 750,000 to 800,000 tonnes per year of carbon credits.

2010

Second Joint Development Agreement Formed

ClimeCo enters a joint venture with East Dubuque Nitrogen Fertilizer (EDNF) to design and oversee construction of the first listed tertiary abatement catalyst project. Generation of 150,000 tonnes of carbon credits is anticipated annually.

2010

Uzbekistan Project Initiated

Investors retain ClimeCo to develop a project design document for a large nitric acid producer in Uzbekistan.

2011

Million Tonne Project Developed

PCS Nitrogen in Geismar, Louisiana, retains ClimeCo to develop and manage a secondary N2O abatement project with estimated carbon reductions of 800,000 to 1,000,000 tonnes per year.

2011

Singapore Calls

Invista in Jurong Island, Singapore, engages ClimeCo to develop a tertiary N2O abatement project under the Clean Development Mechanism (CDM).

2011

New Revenues Generated

ClimeCo executes its first unit-contingent forward-delivery contract for 50,000 N2O-based Climate Reserve Tonnes (CRTs).

2012

Flederbach Takes Ownership

Company cofounder William Flederbach acquires all ClimeCo shares to assume 100% ownership of the business.

2012

Direct Transactions Begin

ClimeCo Corporation (the previous holding company of ClimeCo America) begins direct market transactions with a focus on project and service diversification. All business is eventually pulled into ClimeCo Corporation.

2012

Voluntary Carbon Market Entered

ClimeCo enters the voluntary carbon market with the goal of becoming the leading producer and transaction facilitator. Dan Linsky joins the firm to lead the initiative.

2012

Merrick Andlinger Welcomed

Merrick G. Andlinger, president of Andlinger & Company, Inc. and advisory board member of Princeton University’s Andlinger Center for Energy and the Environment, joins the ClimeCo board of directors.

2013

Market Advisory Launched

ClimeCo establishes market advisory services to assist California-based regulated clients with compliance cap-and-trade program support.

2014

New Services & Acquisition Executed

ClimeCo establishes classic air quality services to assist clients with project permitting in regional air quality markets. The acquisition of Resolute Environmental provides a platform for increased revenue and client diversification.

2014

Houston Office Opens

ClimeCo opens an office in Houston, Texas, and develops and sells its first emission reduction credits in the Houston-Galveston-Brazoria nonattainment area, expanding its regional air quality practice.

2015

Environmental Fund Created

ClimeCo establishes the Environmental Fund 1 as an investment vehicle for environmental project development.

2015

Acquisition Expands Portfolio

ClimeCo acquires Environmental Credit Corporation of State College, Pennsylvania, a developer of compliance-grade carbon offsets for the California cap-and-trade market. The deal adds a portfolio of projects based on ozone depleting substances, composting and agricultural methane offset protocols.

2015

Water Trading Begins

ClimeCo enters the water trading market, completing its first transaction of sewer credits in California.

2016

Canadian Market Entered

ClimeCo initiates significant investments in Alberta and Ontario to support the provinces’ growing carbon markets.

2017

ClimeCo Canada Established

The company establishes ClimeCo Canada, ULC, with offices in Calgary, Alberta, and Toronto, Ontario.

2017

Steve Mawer Signs On

Steve Mawer, former president of Koch Supply & Trading (KS&T), joins the ClimeCo board.

2017

Biogas-to-Energy Project Launched

As a result of ClimeCo’s leadership in agricultural methane projects, the company is retained to design/build a 3 MW biogas-to-energy project in California.

2017

Diversification Well Entrenched

By year end, ClimeCo’s 20-person team is managing the entire environmental market supply chain. The company generates revenue with an unparalleled portfolio—from project development to transaction facilitation and advisory services—across the voluntary, compliance and regional markets.

2018

CAR Award Received

ClimeCo receives the Climate Action Reserve 2017 Project Developer of the Year award in spring 2018.

2018

ClimeCo Offers Renewable Energy Credits (RECs)

ClimeCo offers Renewable Energy Credits (RECs) to clients and hires Andy Kruger to head up its marketing efforts.

2018

Steve Mawer Promoted to Chairman

Steve Mawer is promoted to Chairman of the Board.

2019

ClimeCo Involved in the First California Carbon Offset Futures Transaction

ClimeCo is pleased to announce that on April 7, 2019, they participated in the first trade of the new California Carbon Offset futures contract (CCO Contract) that was listed by the Intercontinental Exchange (ICE).

2019

ClimeCo is Selected as Project Developer of the Year

ClimeCo is pleased to announce its selection as Project Developer of the Year by the Climate Action Reserve (CAR), in recognition for the Most Registered Carbon Offset Projects in 2018.

2020

ClimeCo recognized by Inc. Magazine as one of 2020’s America’s Fastest-Growing Private Companies.

ClimeCo is recognized by Inc. Magazine as one of 2020’s America’s Fastest-Growing Private Companies. ClimeCo was placed on the list because they experienced exponential growth, especially in the last 3 years.

2020

Adipic Acid Protocol Issued

ClimeCo leads the development of a new protocol to generate carbon offsets from adipic acid production. CAR’s Adipic Acid Production Protocol Version 1.0 was issued on September 30, 2020.

2020

ClimeCo-CVR Partners Collaboration Generates First Carbon Offset Credits from Nitrous Oxide Abatement Project

Joint Development Agreement with ClimeCo to design, install, and operate a tertiary abatement system at one of its nitric acid plants in Coffeyville, Kansas.

2020

ClimeCo Green is Launched

ClimeCo announces launch of e-commerce site, ClimeCo Green, a division of ClimeCo.

2021

ClimeCo Welcomes Emily Damon

ClimeCo adds Emily Damon as Vice President of Sustainability, Policy & Advisory to strengthen and expand the firm’s sustainability services.

2021

ClimeCo Welcomes Rosemary O’Brien

ClimeCo adds Rosemary O’Brien as Vice President of Climate Policy & Strategy to assist with the firm’s agriculture and fertilizer clients in strategizing, developing, and implementing carbon policy and ESG.

2021

Heritage Sustainability Investments, LLC Purchases Stake in ClimeCo

Heritage Sustainability Investments, LLC, a subsidiary of The Heritage Group, purchases a minority stake in ClimeCo, accelerating staff expansion and project investments.

2021

ClimeCo Expands Board of Directors

ClimeCo is pleased to welcome Chad Peterson, President of Heritage Sustainability Investments, LLC, a subsidiary of The Heritage Group, to our Board of Directors.

2021

ClimeCo Generates World’s First Plastic Credit with TONTOTON

ClimeCo partners with TONTOTON, a project developer in Vietnam that removes no-value plastic from the environment to generate the world’s first plastic credit from an independent protocol and 3rd party verification audit.

2021

ClimeCo Welcomes Karin Corfee to Board of Managers

ClimeCo is pleased to welcome Karin Corfee to our Board of Managers. She brings over 30 years of experience assisting companies in developing and implementing clean energy strategies.

2021

ClimeCo Strengthens ESG Portfolio With Acquisition of GAA

ClimeCo is pleased to announce the acquisition of Global Affairs Associates (GAA), LLC, an Environmental, Social, & Governance (ESG) and sustainability consulting firm based in Houston, Texas.

2021

ClimeCo Named on Inc. Magazine’s 2021 Best in Business List for Environmental Services

ClimeCo is named to the Inc. 2021 Best in Business list. This award recognizes companies who had an extraordinary impact on their clients and customers, communities, industries, the environment, and society – making a positive difference in the world.

2022

ClimeCo Welcomes Erika Schiller

ClimeCo adds Erika Schiller as Vice President of Project Development to expand the firm’s cutting-edge decarbonization strategies by leveraging finance, design, and build expertise.

2022

I EMIT NO GAS™ Movement Introduced

ClimeCo’s carbon and plastic credit e-commerce company, ClimeCo Green, introduces I EMIT NO GAS™ Movement.

2022

Warburg Pincus & The Heritage Group Invest in ClimeCo

ClimeCo raised over $50 million in an investment round led by Warburg Pincus and The Heritage Group to Expand Global Decarbonization Platform.