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Solvay Takes Control of Emission-Abatement Firm

8:18 AM MST | November 25, 2011 | Ian Young

Solvay says it will acquire Société Générale's 50% stake in the companies' Orbeo joint venture. Orbeo will become a wholly owned subsidiary of Rhodia Energy, a Solvay subsidiary, on completion of the deal at the end of this year. Orbeo operates in the carbon markets and is active in the area of carbon dioxide abatement , including the development of greenhouse gas (GHG) emission-abatement projects. Orbeo was created in 2006 as a 50-50 jv between Société Générale and the former Rhodia, which Solvay acquired...

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