Glossary

Johnson Matthey and ClimeCo Collaborate to Accelerate The Deployment of Low Carbon Solutions

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
CONTACT
Nancy Marshall, Vice President, Marketing
484.415.7603 or nmarshall@climeco.com

Johnson Matthey and ClimeCo Collaborate to Accelerate The Deployment of Low Carbon Solutions

Boyertown, Pennsylvania (July 25, 2022) – Johnson Matthey (JM), a leader in sustainable technologies, is collaborating with ClimeCo, a global climate solutions company, to accelerate the deployment of enhanced carbon capture solutions for industry. Under an MoU, the two companies will help synthesis gas (syngas) producers, initially in hydrogen and methanol, to build the business case for reducing CO2 emissions from existing processes by up to 95%.

Combining JM’s unique skills in technology development and deployment with ClimeCo’s expertise in ESG strategy and regulatory analysis, will enable syngas producers to make immediate progress on complex carbon issues by supporting project economics development, de-risking the business case for decarbonisation projects, and providing a mechanism to create validated CO2 emissions reductions and creating compliance credits in many government-backed carbon markets. Together, they will empower customers to make informed decisions on allocating capital for the deployment of JM’s CLEANPACE™ solutions, accelerate emissions reductions, and future-proof their plants against the rising costs of carbon.

Syngas producers are responsible for approximately 70% of CO2 emissions in the chemicals sector. The opportunity for JM’s Low Carbon Solutions to deploy existing technology to over 150 grey hydrogen plants in Europe and North America alone could reduce CO2 emissions by over 100 million tons per year by 2030. This is equivalent to the annual greenhouse gas emissions from approximately 40 million cars. This is an addressable market of £1-2 billion and Low Carbon Solutions is a key growth driver for JM.

“Companies around the world are under pressure to reduce carbon emissions and meet net zero targets,” says Jane Toogood, Catalyst Technologies Chief Executive at JM. “Creating strategic partnerships allows us to offer our customers rounded and complete solutions. By working with ClimeCo, we will enable industries such as chemicals and refining, which rely on syngas, to quickly understand the regulatory frameworks, accelerate capital decisions for decarbonisation programmes and easily deploy proven technology solutions that can have an impact today, to create a cleaner world.”

“In order to decarbonise, industry is faced with a complex set of regulatory and financial hurdles,” says Bill Flederbach, ClimeCo’s CEO and President. “This alliance, leveraging ClimeCo’s expertise in regulatory analysis along with advocacy and leadership in environmental credit creation and transactions, supports stakeholders across “hard to abate” industrial sectors by identifying technically and economically viable decarbonisation pathways, helping them go beyond conceptual studies to deploy technology solutions that make a difference today.”

About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related solutions. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complimenting these programs is a team of professionals skilled in providing sustainability program management solutions and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our website climeco.com. Follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

About Johnson Matthey

Johnson Matthey is a global leader in sustainable technologies that enable a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, we improve the performance, function and safety of our customers’ products. Our science has a global impact in areas such as low emission transport, energy, chemical processing and making the most efficient use of the planet’s natural resources. Today about 15,000 Johnson Matthey professionals collaborate with our network of customers and partners to make a real difference to the world around us. For more information, visit www.matthey.com.

For more information email jmpr@matthey.com or call +44 207 269 8001.

Marsoft and ClimeCo Collaborate to Accelerate Decarbonization in Shipping

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
CONTACT
Nancy Marshall, Vice President, Marketing
+1 484.415.7603 or nmarshall@climeco.com

Marsoft and ClimeCo Collaborate to Accelerate Decarbonization in Shipping

Boston, Massachusetts (July 14, 2022) – Marsoft Inc., the leading maritime consultancy, and ClimeCo LLC, a leader in the carbon credits market, announce a collaboration to expand the range and value of Marsoft’s GreenScreen carbon credit services (GreenScreen), removing financial barriers to the shipping industry’s commitment to achieve material CO2 emissions reductions.

Marsoft’s GreenScreen services enables Shipowners to issue Gold Standard carbon credits based on the CO2 emissions reduction they create by retrofitting their ships. Sold, these credits help overcome the hurdles that now limit investments in retrofits, reducing risks and increasing the profitability from the reduction in CO2 attributable to the retrofits.

“Carbon credits can be an important source of funding for retrofits that reduce fuel consumption and CO2 emissions. Gold Standard certification of those reductions gives owners access to the rapidly expanding voluntary carbon market. By collaborating to simplify, accelerate, and cut costs from the carbon credit verification, issuance, and monetization process Marsoft and ClimeCo will make carbon credits part of the industry-wide solution to the challenge of decarbonization,” said Arlie Sterling, President at Marsoft Inc.

Bill Flederbach, CEO and President of ClimeCo, highlighted the value of this newly formed team: “We will deliver substantial cost and time savings while enhancing value to those customers who take advantage of GreenScreen. ClimeCo is putting its 17 years of experience and unmatched carbon trading scale and expertise behind shipowners and their determination to decarbonize their business. ClimeCo’s deep carbon market expertise and relationships will maximize the value of their carbon credits.”

Erika Schiller, VP of Project Development at ClimeCo, emphasized the powerful benefits from the collaboration. “Leading shipowners have already signed up for GreenScreen and have already budgeted a million-tonne reduction in CO2 emissions over the next five years. The Marsoft/ClimeCo team will establish a high value/high liquidity presence in the carbon markets for credits from shipping. GreenScreen is proven and unique, and we are committed to making it even better by teaming with Marsoft.”

With Marsoft’s shipping knowledge and GreenScreen breakthrough technology, and ClimeCo’s carbon solution development and market reach, the shipping business will finally have the solution it needs to reduce emissions today. Together, Marsoft and ClimeCo provide a path by which ship owners can act now to reduce their CO2 emissions at minimum cost and maximum revenue potential.

Marsoft and ClimeCo have committed to offering an effective and efficient industry-level solution to the CO2 emissions reduction verification, credits issuance, and monetization challenges. The combination of ClimeCo’s environmental solutions track record and Marsoft’s breakthrough management tools for the shipping industry ensures that the shipping industry can benefit from the state-of-the-art and critical mass. Marsoft and ClimeCo have invested substantial resources and are willing to invest alongside the shipowner to reduce CO2 emissions.

About ClimeCo

For more information or to discuss how ClimeCo can drive value for your organization, contact us at +1 484.415.0501, info@climeco.com, or through our website climeco.com. Follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

About Marsoft Inc.

Established in 1984, Marsoft provides expert, objective, and timely support for investment, chartering, and financing decisions. Marsoft’s quantitative models and expert judgment have improved the quality of decision-making for almost four decades. Marsoft decision support systems integrate data and analysis to enrich our client’s decision-making process, including the integration of climate-focused initiatives such as the Poseidon Principles. The analytical platform underpinning Marsoft’s GreenScreen services was developed in collaboration with the MIT SeaGrant Design Laboratory. Marsoft is committed to working with the shipping industry to minimize CO2 emissions and support the UN Sustainable Development Goals while meeting all stakeholder requirements. Marsoft is a founding member of the  Blue Sky Maritime Coalition, whose mission is to accelerate the decarbonization of North American waterborne trade.

For more information, press only: Lorraine Parsons; lparsons@marinemoney.com

For more on Marsoft and GreenScreen: www.marsoft.com

Warburg Pincus and The Heritage Group Invest in ClimeCo to Expand Global Decarbonization Platform

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
CONTACT
Nancy Marshall, Vice President, Marketing
+1 484.415.7603 or nmarshall@climeco.com

Warburg Pincus and The Heritage Group Invest in ClimeCo to Expand Global Decarbonization Platform

BOYERTOWN, Pennsylvania (April 5, 2022) – ClimeCo, a global company that focuses on developing and trading environmental commodities and advising clients on emerging environmental market solutions, announced that it has raised over $50 million in an investment round led by Warburg Pincus, a leading global growth investor, and The Heritage Group, which made ClimeCo’s first outside capital investment in early 2021. The financing will be used to fund corporate and project-level growth initiatives. As part of the capital raise, ClimeCo also gained access to additional funds for project equity financing.

This equity and financing line will allow ClimeCo to execute on major decarbonization projects for clients around the world. With these investments, ClimeCo will continue to grow its global project development efforts in reforestation, mangrove restoration, and ocean plastic recovery/reuse, as well as its foundational industrial gas and agricultural methane programs. ClimeCo is also expanding into carbon capture, utilization, and storage (CCUS) and other high-impact, emerging decarbonization asset classes to support its energy-intensive, trade-exposed clients in the cement, ammonia, and hydrogen sectors.

The investment will also allow ClimeCo to build out its team through organic growth and additional mergers and acquisitions, further strengthening its vertically integrated model targeting sustainability, policy and advisory to project development and environmental credit transactions.

“ClimeCo is a vertically integrated global company focused on decarbonizing the most challenging industrial sectors,” says William (Bill) Flederbach, CEO and President of ClimeCo. “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. We are growing incredibly fast to meet this demand, and it’s the right time for Warburg Pincus and The Heritage Group to invest in our brand. Their networks and passion for project investments align perfectly with our vision.”

Warburg Pincus has a strong track record of investing in companies committed to the growth of Environmental, Sustainability, and Governance (“ESG”) practices across all sectors, including low-carbon opportunities. Notable ESG investments include Assent, Eco Material Technologies, FlexXray, Fortius, Gradiant, Monolith, PTSG, Scale Microgrid Solutions, Solar Mosaic, and TRC.

“As one of the leading platforms in the carbon management and environmental solutions space, ClimeCo has the unique opportunity to help clients reach their sustainability goals. We strongly believe in the transition to a low-carbon economy, a shift that builds upon our experience investing in renewables, energy transition, and decarbonization investments for the past two decades. Our investment in ClimeCo underscores our commitment and thesis-driven approach to investing in innovative decarbonization platforms,” says Jeff Luse, Principal, Warburg Pincus.

“ClimeCo has built a premier decarbonization platform, supported by a strong reputation and track record of execution. We are excited to partner with Bill and the ClimeCo team to support the company’s mission to provide the market with leading sustainability solutions, helping clients identify and manage climate risks while offering cost-effective decarbonization solutions that are critical to catalyzing a transition to a low-carbon economy,” added Leela Ramnath, Senior Vice President, Head of ESG, Warburg Pincus.

Luse and Ramnath will serve on ClimeCo’s board of managers. Their experience will help ClimeCo with business scaling strategies and global ESG depth and reach.

The Heritage Group is a fourth-generation, family-owned business, managing a diverse portfolio of companies specializing in heavy construction and materials, environmental services, and specialty chemicals. With more than 5,000 employees and 30 operating companies worldwide, The Heritage Group aims to build a safer, more enriching and sustainable world by harnessing the power of family.

“The Heritage Group has been working closely with the ClimeCo team for several years, and this latest investment symbolizes our optimism about the continued growth of this platform and its efforts toward decarbonization,” says Chad Peterson, president of Heritage Sustainability Investments (a subsidiary of The Heritage Group). “We are excited to support this next chapter of growth for Bill and the entire ClimeCo team.”

Peter Lux, president of Heritage Interactive Services, will join Peterson to serve on ClimeCo’s board of managers. The Heritage Group’s knowledge of waste optimization and over 50 years of leading waste reduction efforts in the circular economy will provide ClimeCo with unique perspectives on environmental solutions as it further develops comprehensive sustainability offerings.

Latham & Watkins LLP served as legal counsel to ClimeCo. Cleary Gottlieb served as legal counsel to Warburg Pincus. Paul Hastings served as legal counsel to The Heritage Group.

About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products, projects, and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complementing these programs is a team of professionals skilled in providing sustainability program management services, and developing and financing of GHG abatement and mitigation systems.

About Warburg Pincus

Warburg Pincus LLC is a leading global growth investor. The firm has more than $73 billion in assets under management. The firm’s active portfolio of more than 235 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 20 private equity and 2 real estate funds, which have invested more than $100 billion in over 1,000 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com. Follow Warburg Pincus on LinkedIn.

About The Heritage Group

The Heritage Group, founded in 1930, is a fourth-generation, family-owned business, managing a diverse portfolio of more than 30 operating companies in heavy construction and materials, environmental services and specialty chemicals. With operations in North America, Europe and Asia, and a client network that spans the globe, The Heritage Group’s focus is on innovation, quality and service. Headquartered in Indianapolis, its purpose is to build a safer, more enriching and sustainable world by harnessing the power of family. Learn more at www.thgrp.com.

Glossary

Johnson Matthey and ClimeCo Collaborate to Accelerate The Deployment of Low Carbon Solutions

Johnson Matthey and ClimeCo Collaborate to Accelerate The Deployment of Low Carbon Solutions

Marsoft and ClimeCo Collaborate to Accelerate Decarbonization in Shipping

Marsoft and ClimeCo Collaborate to Accelerate Decarbonization in Shipping

Warburg Pincus and The Heritage Group Invest in ClimeCo to Expand Global Decarbonization Platform

Warburg Pincus and The Heritage Group Invest in ClimeCo to Expand Global Decarbonization Platform

Sources

Additional Resources