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Marubeni and Cargill to collaborate on GHG emission reduction projects

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Marubeni and Cargill to collaborate on GHG emission reduction projects

August 16, 2010 - 20:59
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TOKYO, Aug. 17, 2010 (Press Release) -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.