ARCHEA Biogas N.V.
ARCHEA Biogas N.V.: ARCHEA Biogastechnologie GmbH announces foundation of ARCHEA do Brazil technologia en biogas srl
ARCHEA Biogas N.V. / Key word(s): Miscellaneous 15.11.2010 09:33 --------------------------------------------------------------------------- Waalre, 15. November 2010 - ARCHEA Biogas N.V., a full-service provider of biogas plants, hereby announces that its 100% subsidiary ARCHEA Biogastechnologie GmbH located in Hess. Oldendorf, Lower Saxony, Germany, has founded a joint venture with the Brazilian company Eco Conseitos. The joint venture operates under the name of ARCHEA do Brazil technologia en biogas and is located in Pomerode in the Brazilian state of Santa Catarina. ARCHEA Biogastechnologie GmbH holds 51% of the new company while the remaining 49% of the corporate shares are held by the Brazilian Eco Conseitos. Further information on Eco Conseitos is available at www.ecoconceitos.com.br. Managing director of the company is the Brazilian Mr Erzio Kriek from Pomerode. Mr Kriek is supported by a German engineer from ARCHEA Biogastechnologie in Hess. Oldendorf. The Supervisory Board of the company comprises Mr Oliver Nacke, member of the Management Board of ARCHEA Biogas N.V., and Mr. Hans Prayong, former consul of the Federal Republic of Germany in Brazil and member of the Supervisory Board of the textile company Hering in Blumenau/Santa Catarina. In collaboration with Eco Conseitos the company plans the construction of two biogas plants in Ipuazu and one plant in Pomerode in January 2011. Further biogas plant projects are already in the pipeline. The plants are designed to transform pig slurry and waste from food production into biogas that is used to generate electricity. The produced electricity is supplied with the local power network. For this purpose, ARCHEA Biogastechnologie has developed a new type of biogas plants for Brazil that is tailored to the specific local conditions. Due to its favourable price-performance-ratio this new type of biogas plants is perfectly suited for the local market. Oliver Nacke, member of the Management Board of ARCHEA: 'With our Brazilian partners of Eco Conseitos we have created an ideal combination between technology provider and investor. For the qualification of employees we have entered into a co-operation agreement with FURB University in Blumenau already in March. And even before the end of this year there will be built pilot plant stations in Brazil which serves as trial station.' After the successful start of the internationalisation of ARCHEA Biogastechnologie with the foundation of ARCHEA Italia and co-operation with Italian partners in March 2008, Brazil, as one of the BRIC countries, is now becoming a new strategic focus of ARCHEA. For further information please contact: ARCHEA Biogas N.V. Investor Relations T: +49 (0) 89 / 244118-411 F: +49 (0) 89/ 244118-499 info@archea-biogas.de www.archea-biogas.de 15.11.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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