Marubeni : Investment in Carbon Clean Solutions Ltd. ～Entering into the Development of Carbon Capture, Utilization Projects～
February 17, 2020 at 03:22 am EST
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February 17, 2020
Marubeni Corporation
Investment in Carbon Clean Solutions Ltd.
～Entering into the Development of Carbon Capture, Utilization Projects～
Marubeni Corporation (hereinafter, "Marubeni") hereby announces that Marubeni invested in Carbon Clean Solutions Ltd. (hereinafter, "CCSL"), a United Kingdom based company that develops and owns the technology to capture carbon dioxide (hereinafter, "CO2") from the flue gas emitted by coal/gas fired power plants and industrial plants. Marubeni recognizes the importance of CO2 as a resource, and with this investment, jointly with CCSL, will begin to develop Carbon Capture, Utilization (hereinafter, "CCU") projects that reuse CO2 or convert it into other valuable products.
By developing a proprietary new solvent to be used in the conventional chemical absorption process, CCSL has enabled CO2 to be captured more efficiently and at lower cost than other existing technologies; the cost competitiveness of CCSL's technology is the highest in the world compared to other technologies that have been commercialized to date. Furthermore, CCSL has also begun to develop a new generation technology that will enable even further cost reduction.
In concert with the rising importance of tackling climate change issues resulting from global warming, the reduction of greenhouse gas emissions has also become an urgent issue. The CCU business, which helps the hard-to- abate industries such as steel, cement, petrochemical and energy from waste to reduce their CO2 emissions, is expected to be one of the most viable and practical solutions, together with Carbon Capture, Storage businesses.
Marubeni is committed to working towards the resolution of global warming issues as well as developing sustainable business model to reuse CO2 and convert it to other valuable products.
< Outline of CCSL >
Company Name
： Carbon Clean Solutions Ltd.
Location
： London, United Kingdom
Founded
： 2009
Representation
： Aniruddha Sharma, Chief Executive Officer
Business Description ： Sales of solvents, engineering service and supply of CO2 capturing facility, CCU
project development
HP
：https://carboncleansolutions.com/
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Marubeni Corporation published this content on 17 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2020 08:21:10 UTC
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
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