Buyer and seller of carbon Orbeo, has signed agreements to purchase OneCarbon International BV, an Econcern Group subsidiary.

OneCarbon is an international company that generates high quality carbon credits by originating, developing, co-developing or financing projects that reduce greenhouse gas emissions.

This acquisition will reinforce Orbeo's carbon offset sourcing activity and will also allow it to extend its service offer to emission reduction project developers and owners.

Philippe Rosier, president of Orbeo - a joint-venture equally owned by Rhodia and Société Générale - said: "By teaming up with OneCarbon, we want to build up strong positions in the carbon offset sourcing business. OneCarbon has built a significant expertise in the development of high quality projects generating greenhouse gas emission offsets. Through a set of major technical competencies, we aim at implementing projects which contribute to address climate change and to accelerate global sustainable development".