Mitsui snaps up stake in carbon farmer Climate Friendly

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Japanese trading and investment house Mitsui is set to enter Australia’s carbon farming market via Adamantem Capital’s Climate Friendly.

It is understood Mitsui has signed a deal to acquire a one-third stake in the carbon project developer, and work with majority owner Adamantem to keep growing the business.

Climate Friendly advises farmers and other landowners on capturing and generating carbon credits, which can be a source of income. The group has more than 130 registered carbon projects across Australia, and wants to have offset 100 million tonnes of carbon by 2025.

 

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