CALGARY, Dec. 4, 2013 /CNW/ - Vermilion Energy Inc. ("Vermilion") (TSX,
NYSE: VET) is pleased to announce that its environmental partnership
with the tomato growing company Tom d'Aqui in Parentis-en-Born (France
Aquitaine Basin) has earned a national ecology award from the French
The 2013 Circular Economy Award for Industrial and Regional Ecology was presented to Vermilion in Paris on December 3, 2013, by Philippe
Martin, French Minister of Ecology, Sustainable Development and Energy.
The award recognizes economically successful enterprises that operate
within a "circular economy," in which businesses and processes
conserve, reuse and recycle resources to better protect our
"While this is just one of many projects we have undertaken in the areas
of safety, health and the environment globally, it represents a
significant sustainability partnership for our operations in France,"
stated Vermilion's President and CEO Lorenzo Donadeo. "As a good
corporate citizen, we continually focus on safety, health and the
environment and this project demonstrates Vermilion's commitment to the
communities in which we live and work, including local job creation and
our respect for minimizing the environmental footprint of our
operations. We are very pleased to have received this recognition from
the Government of France."
The partnership began in the mid-2000s, as Vermilion sought to support
the local community while adding environmental value. At the same time,
four local agricultural engineers wanted to create an economically and
environmentally viable "eco-greenhouse" operation in which to grow
tomatoes. After considerable research, and support from the local
authorities, a rezoning of the land next to Vermilion's Parentis
operation was realized, allowing Vermilion and the growers to sign a
25-year partnership agreement in 2008.
Today, Tom d'Aqui's 10 hectares of greenhouse use the heat from
Vermilion's produced water source to create an eco-friendly environment
in which to grow some 3,000 tonnes of tomatoes on the vine annually,
supporting 150 local jobs and reducing carbon dioxide emissions by
10,000 tonnes per year.
Here's how it works:
Vermilion's petroleum extraction process in the Parentis field produces
a mix of oil, gas and water, which is naturally heated to around 60°C.
After the oil and gas are separated out, the heated water enters a
"closed loop" system where heat exchangers transfer its caloric energy
to a second water system belonging to Tom d'Aqui (the two water systems
never physically mix).
The second water system heats the Tom d'Aqui greenhouse next to the
Vermilion reuses the produced water by pumping it back underground to
maintain operating pressures and to enhance production.
This "geothermal" heating system allows the greenhouse to be heated
without carbon emissions, a key element in their certification as
"eco-greenhouse." Tom d'Aqui also incorporates a 1,300-square metre
array of solar panels to further reduce energy use, fully recycles all
of the water used in the grow operation, and uses integrated biological
protection (insect against insect) to avoid pesticide use. The tomatoes
are raised on organic substrates made from coconut shells, which are
completely recycled at the end of the crop cycle.
This project reduces the cost of traditional tomato growing operations
in the region, allowing the producers to compete with warmer climate
producers. As a member of the Rougeline tomato distribution group, Tom
d'Aqui is delivering on Rougeline's consumer guarantee of healthy, high
quality food, at a fair price and with respect for the environment.
The success of this project, which takes advantage of a previously
unused resource within Vermilion's production process, is leading to 5
hectares of greenhouse expansion in Parentis in 2016 and creating an
additional 50 jobs.
Similar value-added projects elsewhere are under evaluation to benefit
both local communities and our global environment.
By the Numbers
10 hectares of greenhouses built (the equivalent of more than 12
Canadian football fields)
150 local jobs created
3,000 tonnes of tomatoes produced annually
10,000 tonnes of CO2 saved annually
About Vermilion Energy Inc.
Vermilion is an oil-leveraged producer that adheres to a value creation
strategy through the execution of full cycle exploration and production
programs focused on the acquisition, exploration, development and
optimization of producing properties in Western Canada, Europe and
Australia. Our business model targets annual organic production growth
of approximately 5% along with providing reliable and increasing
dividends to investors. Vermilion is targeting growth in production
primarily through the exploitation of conventional resource plays in
Western Canada, including Cardium light oil and liquids rich natural
gas, the exploration and development of high impact natural gas
opportunities in the Netherlands and through drilling and workover
programs in France and Australia. Vermilion also holds an 18.5% working
interest in the Corrib gas field in Ireland. In addition, Vermilion
pays a monthly dividend of Canadian $0.20 per share, which provides a
current yield in excess of 4%. Management and directors of Vermilion
hold approximately 8% of the outstanding shares and are dedicated to
consistently delivering superior rewards for all stakeholders,
featuring an 18-year history of market outperformance. Vermilion trades
on the Toronto Stock Exchange and the New York Stock Exchange under the
SOURCE: Vermilion Energy Inc.
For further information:
Lorenzo Donadeo, President & CEO;
Dean Morrison, Director Investor Relations
TEL (403) 269-4884
IR TOLL FREE 1-866-895-8101