Clean Energy and carbon emissions specialist Camco International announced that it has signed new contracts with China’s largest cement producer, the Anhui Conch Cement Company Ltd.

The two firms have been working together since 2005. Today’s deal sees Camco providing assessment and monitoring services for 37 energy efficiency projects, at the Chinese company’s cement production facilities.

Camco will receive annual service fees in relation to these projects up until 2020.

"We are delighted to sign these contracts with Conch, a company with which we have built a strong working relationship over the last five years and which has shown great vision in working to reduce emissions,” said Camco president Yariv Cohen.

“By working with Conch and leading Chinese companies, we continue to develop and monitor energy efficiency projects that have both a positive and long-lasting impact on the environment and produce an additional source of revenue for our clients and us. 

He added: “Camco has developed a total of 51 energy efficiency projects in China across industry sectors including cement, iron and steel."

Camco explains that the 37 new projects are expected to generate 29.5 million certified emission reduction credits in the next eight years.

Of the 31 projects, 24 are already operational and 16 of those have been successfully approved and registered under the Clean Development Mechanism. These projects have a total approved volume of 14.2 million credits, Camco said.

Camco will provide carbon project development services as well as assessment and monitoring services for the 13 projects that are not yet complete.

Conch projects use advanced high efficiency waste heat recovery technology which captures heat from the cement making process and recycles it to produce power in onsite power plants. 

Camco explained that this displaces a total capacity of 718.8 megawatts electricity that would otherwise be taken from the local grid, which is powered by fossil fuels.

"We have a long history of working successfully with Camco to achieve carbon and energy savings at our facilities and are therefore pleased to be continuing our relationship,” said Conch director Fang Qunsheng.

“Conch and Camco both place environmental protection and energy efficiency as a top priority. 

“By working closely with Camco we have been able to access the finance and expertise needed to put our ideas into practice and achieve significant energy savings across our portfolio of cement production facilities."