Marubeni, J-Power fund $14.4mln in Glencore carbon-capture project

Marubeni Corp and Electric Power Development Co (J-Power) will each fund A$10 million ($7.2 million) in diversified miner Glencore’s Carbon Transport and Storage Co (CTSCo) project in Queensland, Australia.

Both Marubeni and J-Power are long-term joint venture partners in Glencore’s mining operations in Australia. Marubeni is a major Japanese integrated trading and investment business conglomerate, and J-Power is a...


Min Li

June 09, 2022

14:12 GMT