Flanders Said to Get Bids From Vitol, Shell in Carbon Tender
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The Belgian region of Flanders received offers from 18 companies including Vitol Group SA and Royal Dutch Shell Plc to sell it carbon offsets via a purchase tender, according to two people with knowledge of the matter.
The companies made 19 separate offers, according to the people, who asked not to be identified because the tender process is confidential. Participants in the tender that closed Sept. 13 were asked to offer as many as 20 million Certified Emission Reductions or Emission Reduction Units in four tranches, according to documents published by the Flemish energy and environment department.