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Marubeni and Cargill Agree to Develop Emissions-Offset Projects
2010-08-17 06:28:43.910 GMT
By Stuart Biggs
Aug. 17 (Bloomberg) -- Marubeni Corp., Japan's fourth-
largest trading company, signed an agreement with Cargill Inc.
to develop projects to reduce greenhouse gas emissions, the
company said in a statement today on its website.
Marubeni and Minneapolis-based Cargill, a food and
agriculture company, will develop renewable energy, forestry,
and biomass projects in developing countries to generate carbon
offset credits, Marubeni said.
The agreement is for projects under the current Kyoto
Protocol framework as well as for projects after Kyoto expires
in 2012, the company said. The statement didn't provide
financial details of the agreement.
For Related News and Information:
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--Editors: Alex Devine, John Chacko.
To contact the reporter on this story:
Stuart Biggs in Tokyo at +81-3-3201-3093 or
sbiggs3@bloomberg.net.
To contact the editor responsible for this story:
Reed Landberg at +44-20-7330-7862 or
landberg@bloomberg.net.
