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Business
Rhodia readies carbon trading
March 6, 2006
| A version of this story appeared in
Volume 84, Issue 10
Rhodia is advancing plans to sell carbon emissions receipts (CERs) generated from projects to reduce greenhouse gas emissions from plants in South Korea and Brazil (C&EN, Dec. 5, 2005, page 10). The French firm has launched a hedging strategy under which it will forward-sell 8 million metric tons of CERs; the first 6.5 million will be sold for about $18 per ton over 2007 and 2008. Rhodia is forming a joint venture with Société Générale Energie to combine the firms' emissions credits activities. And it is forming a technical partnership with IXIS Environnement & Infrastructures to help other companies develop emissions credits projects.
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