TOKYO — Japanese trading house Marubeni has partnered with a U.S. company on a joint venture that seeks to capture and store 10 million tons of carbon emissions annually in North America by about 2030, the Nikkei has learned.
Marubeni acquired a 50% stake in the operating company established by Ozona, a carbon capture and sequestration developer based in Texas, USA. The stake is believed to be worth 1 billion yen ($6.95 million), and the trading house classified the unit as an equity method company.