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Blockchain market for captured carbon eyed by Mitsubishi Heavy

Trading would aid companies seeking new ways to use CO2 as a resource

U.K. power company Drax will use Mitsubishi Heavy's technology to capture and store CO2 released from its biomass power plant.  (Photo courtesy of Drax) 

TOKYO -- Mitsubishi Heavy Industries and IBM Japan will create a carbon capture trading market as plastics makers and others come up with innovative ways to use carbon dioxide as a raw material.

By bolstering trading of the global-warming gas so that it is used productively in materials, the market, which is scheduled to go online in 2025, could aid efforts to decarbonize the economy.

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