Marubeni signs a General Collaboration Agreement with Cargill regarding joint business development in GHG emission reduction projects
Aug. 17. 2010
Marubeni Corporation (hereinafter “Marubeni”) has signed a General Collaboration Agreement with Cargill to promote collaboration in various GHG (Green House Gas) emission reduction projects that contribute to climate change mitigation.
Under the agreement, Marubeni aims to promote collaboration with Cargill in various GHG emissions reduction projects including REDD (Reducing Emissions from Deforestation and forest Degradation) in developing countries, biomass utilization, renewable energy projects and generation of emissions credit from those activities.
Marubeni has been participating in GHG emission reduction projects overseas, obtained emissions credits from its projects, and has provided them to Japanese buyers including Japanese Government. Through promoting cooperation with Cargill, Marubeni will actively seek to develop GHG emission reduction projects under the current Kyoto Protocol as well as Post-Kyoto framework, to enhance its function and organization to tackle the climate change and explore various procurement routes of emissions credits in order to meet the diversifying needs of Japan's market.
Cargill commented that having a strong partner greatly enhances the prospect of identifying meaningful projects in new, emerging and fast-moving markets that can contribute to the reduction of greenhouse gas emissions.
Cargill is well placed to invest in a variety of carbon-related projects worldwide with its traditional focus on commodities investment and the increasing link between the food, agriculture and energy sectors.
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, our privately held company employs 138,000 people in 67 countries. For more information, visit: http://www.cargill.com or www.cargill.co.jp
Cargill’s global emissions business is a leading investor in carbon-related projects and has a comprehensive portfolio of products and services throughout the world. For more information, visit: http://www.cargill.com/cs/energy/capabilities/emissions/index.htm