Marubeni Plans Carbon Projects

Marubeni Corp, Japan's fifth-largest trading company, plans to launch five to 10 carbon credit projects in Indonesia next year, reaping 3 million credits by 2012, a company source said on Friday (14/12/07), Reuters reported.

Marubeni, jointly with the University of Lampung, plans to capture greenhouse gas methane generated from palm oil and sugar cane plants in South Sumatra for use in power generation, it said.

Under the Kyoto protocol, countries can offset their carbon dioxide emissions by purchasing carbon credits in CO2-reducing projects in developing countries.
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