TOKYO -- Japanese trading house Marubeni has teamed with a U.S. company on a joint venture that seeks to capture and store 10 million tonnes of carbon emissions across North America yearly by around 2030, Nikkei has learned.
Marubeni purchased a 50% share in an operating company established by Ozona, a carbon capture and sequestration developer based in the U.S. state of Texas. The stake is believed to be worth 1 billion yen ($6.95 million), and the trading house has classified the unit as an equity method affiliate.
