Bionersis and EDF Trading announce CER transaction and collaboration in Latin America

16 November 2009


November 16, 2009 – EDF Trading, a wholly owned subsidiary of EDF S.A., and Bionersis, a global leader in CDM1 landfill gas valorisation projects, today announced a strategic collaboration to source carbon credits in Latin America.

The parties have signed a carbon credit purchase agreement covering a portfolio of four CDM landfill gas valorisation projects developed by Bionersis in three Latin American countries, and in addition EDF Trading was granted preferential rights to acquire CERs from three additional Bionersis’ projects in Latin America. Under the terms of the agreement, EDF Trading will purchase carbon credits (CERs2) to be generated by methane3 recovery and flaring systems installed, owned and operated by Bionersis on the landfills. Terms of the agreement also include the provision by EDF Trading of a prepayment to Bionersis for the future delivery of CERs.

The four projects are expected to reduce climate harming methane emissions and therefore produce nearly 1.5 million CERs by 2012 and up to 4 million CERs over the next ten years. Two units are already in operation while the other two will be commissioned and start producing CERs in early 2010.

Bionersis has a long established regional presence in Latin America where it currently owns fifteen CDM landfill gas projects in six countries. Several new projects are currently under assessment in the region as well as in South-East Asia. EDF Trading is responsible for the execution of EDF group carbon compliance requirements and is one of the top three market participants in European emission allowances (EUA) and certified emission reduction (CER) credits, with a portfolio of over 100 CDM projects in 15 countries.

“EDF Trading is committed to the carbon market in Latin America and this transaction enhances our position as one of the leading buyers of CERs in the region”, said John Rittenhouse, CEO of EDF Trading. “We are very pleased to join forces with Bionersis to foster the development of sustainable emissions reduction projects in Latin America.”

Nicolas Heuzé, CEO of Bionersis said “Our experience in developing CDM landfill gas projects positions Bionersis as the natural partner for industrial groups committed to tackle the challenge of climate change. This first cooperation with EDF Trading, a key historical player in the global CDM and carbon markets, will enable us to accelerate and strengthen our development in Latin America which continues to be a region of significant growth potential for Bionersis”

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1CDM (Clean Development Mechanism): A mechanism under the Kyoto Protocol through which developed countries may finance greenhouse-gas emission reduction or removal projects in developing countries, and receive credits for doing so which they may apply towards meeting mandatory limits on their own emissions.
2CER (Certified Emission Reductions): A Kyoto Protocol unit equal to 1 metric tonne of CO2 equivalent. CERs are issued for emission reductions from CDM project activities.
3Méthane: A colourless, non-poisonous, flammable gas created by anaerobic decomposition of organic compounds. A major component of natural gas used in the home. The methane contributes strongly to the greenhouse effect: one ton of methane amounts to 21 tons of equivalent CO2 according to the tables of the Kyoto protocol.
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About Bionersis
Bionersis is a global player of the renewable energies sector specialized in landfill gas valorisation.
The company generates high output of carbon-credits (CERs) by capturing and destroying landfill gas through its installations. Bionersis innovative business-model is ideally suited for countries in Latin America and in Asia and contributes directly to promote sustainable development.

Since 2007, Bionersis is a Euronext Paris listed company (MLBRS).

For more information on Bionersis, please visit www.bionersis.com

About EDF Trading
EDF Trading is a leader in the international wholesale energy markets. Its own portfolio of assets, combined with EDF Group businesses, give it the ability to source, supply, transport, store, blend and convert physical commodities across the wholesale energy markets.

In Europe, it is one of the largest participants in the power and gas markets and was one of the first entrants into the global market for liquefied natural gas. EDF Trading participates in the EU emissions market since it began and is one of the top buyers of carbon credits from Clean Development Mechanism projects around the world. The global coal and freight business is the largest importer of coal into Europe. EDF Trading is also a pioneer in the biomass market.

EDF Trading is able to offer physical acquisition, management and delivery of natural gas, power and coal in the United States and Canada.

EDF Trading is a 100% owned subsidiary of EDF Group, Europe’s leading electricity producer, a major player in renewable energies, a significant participant in the worldwide revival of nuclear energy with a growing presence in the natural gas industry.

For more information on EDF Trading, please visit www.edftrading.com

For further information, please contact:

EDF Trading:	Bionersis:
Michele Reid	Nicolas Gourgues
Head of Communications	I2D Paris
Tel: +44 (0) 20 7061 4232	Tel: +33 (0)1 42 28 28 50
Email: michele.reid@edftrading.com	Email: bionersis@i2d-paris.com