Element Markets LLC

Molycorp`s Mountain pass mine

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Courtesy of Element Markets LLC

Location: Mountain Pass, CA
Project Completed: 2011

Element Markets was exclusively retained by Molycorp to procure Emissions Reduction Credits (ERCs) for a large expansion of a mining operation in California. At the time there was a shortage of available credits in the area, so we had to think outside the local air basin. We solved the challenge by purchasing credits in an adjacent air district and importing them for the client’s use, which was one of the first transactions of its kind in the local air shed.

During the permitting phase Molycorp also faced pressure under the California Environmental Quality Act (CEQA). Our experienced advisors stepped in and educated the local CEQA authority on the benefits of using GHG offsets to meet compliance. We structured a fixed-priced turnkey solution to provide the offset credits to our client, who in turn was able to successfully meet CEQA mitigation.

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