FPX Nickel CEO Martin Turenne joined Steve Darling from Proactive to share news the company has established a new subsidiary company, CO2 Lock to pursue opportunities in large-scale, low-cost and permanent carbon capture and storage.
Turenne telling Proactive the new company will proceed with an independent management team in developing carbon sequestration operations in geological settings worldwide with similarities to FPX’s Decar Nickel District. FPX will own about 76% of the new venture. FPX will retain 100% of the carbon credits associated with CCS on its own properties.
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