Blackstone Invests $400 Million in Environmental Commodity Exchange Xpansiv

CBL provides access to the world’s energy and environmental markets. With a vision of bringing efficiency, transparency and liquidity to environmental markets, we connect buyers and sellers around the world to facilitate the secure and seamless trading of products in environmental commodity markets.

H2OX supports efficient, transparent trading of water entitlements and allocations in Australian water markets. By introducing state of the art technology to the sale and purchase of water and associated products, H2OX has streamlined the market, providing independence, efficiency, transparency and 24/7 real-time trading to owners and users of water.

Aviation Carbon Exchange is a partnership between CBL and IATA to provide a marketplace for emissions-compliance obligations under the Carbon Offset Reduction Scheme for International Aviation (CORSIA). CORSIA addresses the increase in total CO2 emissions from international aviation above 2020 levels.

OTX is a leading market-access provider for compulsory stockholding obligations (CSO) tickets—a product related to the oil sector regulation. OTX is rapidly expanding into markets for renewable fuels and renewable-fuel certificates.

Environmental Management Account (EMA) is a comprehensive portfolio-management platform with a unique account structure that makes it easy to consolidate and transact environmental commodities across multiple regulatory regimes, all from one intuitive interface.

The JSE Ventures Carbon Market is a comprehensive marketplace for buying and selling carbon and renewable energy credits via Xpansiv CBL, the largest venue for environmental commodities. The marketplace provides direct access to hundreds of live carbon credit and renewable energy certificates (RECs) on a live marketplace with full depth-of-market view and online order types.

July 7, 2022

By Rob Dalton

Blackstone Inc. will invest $400 million in Xpansiv, a platform that lets investors trade assets tied to the energy transition such as carbon offsets and renewable-energy credits.

The upstart exchange is trying to provide the tools needed to standardize prices for carbon in the financial system. Analysts say that is a vital step to spur emissions reductions by large companies. Xpansiv formed a partnership with CME Group Inc. to last year launch futures contracts tied to voluntary carbon offsets.

Blackstone believes Xpansiv is in a sweet spot in the energy transition because it provides information that businesses and investors will need, said David Foley, global head of Blackstone Energy Partners. “The demand for it is just exploding,” he said.