Making a difference today for a better world tomorrow.
Background
ClimeCo Corporation is committed to making a difference today, for a better world tomorrow.
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 we enjoy annualized double-digit growth. A combination of organic expansion and acquisitions fuels our continual market and resource diversification, and the core values of honesty, integrity and exceptional service drive our customer relationships.
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
Edenfort Joint Venture Formed
ClimeCo and Climate Smart Group form Edenfort, a 50/50 joint venture to develop and market high-quality voluntary carbon offsets that will be generated from grassland and nitrogen management project protocols.
2018
Expansion Continues
ClimeCo continues exploration and expansion into new markets with new clients.
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.
