Olam International Ltd., a commodity supplier backed by Singapore’s Temasek Holdings Pte, may enter the carbon credits market based on the acquisition of a timber project in the republics of Congo and Gabon.
The company will review building a power plant fueled by biomass and ways to restore degraded forest areas at the tt Timber International AG operations it agreed to buy this week, Robert Hunink, Olam’s global head of wood products business, said today on a conference call. The power plant may cost about 12 million euros ($16 million) and save burning 3 million liters of diesel, he said.
