Element Markets takes stake in Canadian firm - Houston Business Journal
Renewable energy company Element Markets LLC has made an investment in Agri-Trend Aggregation Inc., a Canadian-based carbon offset company with a focus on the agriculture market. Houston’s Element Markets did not disclose the amount of its funding but said the deal expands its presence in Canada. Angela Schwarz, president and chief operating officer of Element Markets, said agriculture-based carbon credits are a strategic growth segment for the company.
“…We expect them to play an increasing role in carbon trading in the United States and Canada,” she noted in a statement.
Agri-Trend says it will use the infusion to expand its operations throughout Alberta, Saskatchewan and other provinces in Canada. The company is a unit of Agri-Trend Agrology.
Founded in 2005 as a credit firm dealing in environmental commodities such as greenhouse gas, renewable energy and emissions credits, Element Markets has since transformed into more of a developer.
In early 2009, Element Markets completed the largest solar installation in a U.S. shopping mall – at The Shops at Mission Viejo, for Indianapolis-based Simon Property Group Inc., the nation’s largest owner and developer of high-end retail real estate.
Houston Business Journal - Wednesday, January 27, 2010, 8:15am CST
http://houston.bizjournals.com/houston/stories/2010/01/25/daily20.html
