Companies team up to form next-generation carbon sink business
Patersons Capital Partners (PCP) plans to examine the potential to establish one of the world’s largest new-generation carbon sequestration and bioenergy businesses.
The group is reviewing the opportunity in partnership with C@ Limited. The board of Perth-based C@ has initiated work on the project in line with its previously stated intention to investigate new business opportunities.
C@ has entered into an agreement with PCP to assist in the investigation of the carbon sink business.
C@ director Andrew Harrison said PCP’s role would include establishing relationships with major carbon emitters around the world, developing interfaces with capital markets and creating the strategic framework to exploit opportunities in this emerging sector.
“We will focus specifically on opportunities to enter the carbon sequestration and bioenergy industries,” Harrison said.
“Previous business models in this sector have gone part way towards contributing to the reversal of climate change, but we are investigating new methods that are more likely to produce carbon sinks that generate commercial returns.”
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