28 August 2012 — CO2 Group has signed a joint venture agreement with Asia Energy Development Partners, a Singapore-based carbon and renewable energy specialist, to establish CO2 Asia. The new company will specialise in the development and commercialisation of projects under the Clean Development Mechanism of the Kyoto Protocol. It has already secured a number of major contracts that will generate about 15 million Certified Emission Reduction Units, valued at more than A$50 million, over a 21-year period. CO2 Group chief executive Officer Andrew Grant will be chairman of CO2 Asia. David Tow has been appointed managing director.