Solvay Takes Over Carbon Trading Firm | Chemical & Engineering News
Volume 89 Issue 49 | p. 20 | Concentrates
Issue Date: December 5, 2011

Solvay Takes Over Carbon Trading Firm

Department: Business
Keywords: emissions rights, carbon trading, acquisition, energy

Solvay plans to acquire the 50% stake it does not already own in the carbon emission rights trading firm Orbeo from the French banking group Société Générale. After five years in business together, the two companies have decided to pursue CO2 trading and abatement projects independently, Solvay says. Orbeo will become a part of Solvay’s Rhodia Energy unit, which will offer management of energy and CO2 emissions to customers. Solvay acquired specialty chemical maker Rhodia in September.

 
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