Green Gas International and New World Resources Create Methane Gas Management Group

Green Gas International and New World Resources Create Methane Gas Management Group

May 24, 2007

-- New Joint Venture Company, Green Gas International B.V.,
Becomes a Leader in Gas Management for Coal Mine and
Landfill Sites


    LONDON, May 24 /Xinhua-PRNewswire/ -- Green Gas
International Limited, a company that reduces harmful
greenhouse gas emissions through methane utilisation, has
agreed to merge with OKD, DPB a.s., a Czech coal-bed
methane company which is wholly owned by New World
Resources B.V. (NWR). The new joint venture company is
called Green Gas International B.V. and has also raised EUR
15.5 million of additional equity capital. NWR is a Dutch
coal, logistics and energy holding company that is the sole
shareholder in the Czech Republic's largest hard coal mining
company, OKD a.s.

    Green Gas International B.V. becomes a leader in
methane gas management and utilisation for coal mine and
landfill sites. This new group brings together project
development and financing expertise, a project pipeline,
and more than 30 years experience in underground methane
gas capture, ventilation and utilisation, as well as the
ability to deal with projects under the Kyoto Protocol. It
has established businesses in the Czech Republic and
Germany, countries known for their high standards of
safety, especially in their coal mines and has projects in
development in the USA, Ecuador, Chile and Ukraine.

    Chris Norval, Executive Chairman and co-founder of
Green Gas International Limited, will lead the new group.
Commenting on the merger he said:

    "Our new joint venture has a compelling offer for
coal mine and landfill site operators. It provides a safe,
commercially attractive and environmentally-friendly
solution to their methane gas management problems.

    With the additional injection of new equity capital, we
now have the resources to accelerate the development of our
exciting project pipeline."

    "In little more than two years, Green Gas
International has grown through acquisition and organic
means to become a real force in the dynamic climate
mitigation industry. We are now uniquely positioned to
develop our potential project pipeline of 350 MW
electricity generating capacity, in global emerging
markets, over the next five years."

    Zdenek Bakala, a member of the Boards of Directors of
NWR and OKD, said: "The Kyoto Protocol has created a
whole new industry to manage climate change, which is
growing rapidly. By combining our coal mine gas management
business with Green Gas International and its management
team, we have created a  leader in coal mine and landfill
gas mitigation, which is ideally positioned for further
rapid growth."

    NWR has a shareholding of approximately 70 per cent in
Green Gas International B.V. Former shareholders in Green
Gas International Limited and the French private equity
fund Demeter own the balance of the shares.

    Citigroup is acting as sole advisor and placement agent
to Green Gas.


    For further information, please contact:
    
    Green Gas International (UK)
    
    Chris Norval
    Executive Chairman
    Tel:   [phone]
    Fax:   [phone]
    Email: [e-mail]
    
    Waughton
    Bill Spears
    Director
    Tel:   [phone]
    Fax:   [phone]
    Email: [e-mail]