Carbon2Green Will Produce Biodiesel
08 September 2010 - 11:00PM
Marketwired
Carbon2Green Corporation ("Carbon2Green" or the "Corporation") (TSX
VENTURE: CGN) is pleased to announce that, while maintaining its
goal of obtaining carbon credits provided in its business plan, the
Corporation will now focus, especially for financing and
operations, on the "biodiesel" generated income component of its
African subsidiary located in the Democratic Republic of Congo
("DRC").
Carbon2Green is currently conducting a pilot project in the
Bandundu region of DRC and wants to achieve a funding enabling it,
by the end of the year, to proceed with the hiring of over 300
people and planting nearly 35 million trees, called Jatropha
Curcas, on an area of over 14,000 hectares of degraded lands.
According to the latest estimates related to the Bandundu
project prepared by the external engineering consulting firm
Genivar, those trees, which fruits contain a large quantity of oil,
will produce, once the implementation phase is completed,
approximately 24 million liters of biodiesel per year in the next
two to three years.
"As the biodiesel market is booming and we expect that it will
remain so for many years, we believe that this is a decision that
can only be very beneficial for our shareholders", said
Carbon2Green's chairman of the board of directors, Mr. Andre
Bergeron.
About Carbon2Green (www.carbon2green.ca)
Carbon2Green Corporation is a carbon project developer dedicated
to the international effort to reduce greenhouse gases. Its main
business activities are under the Clean Development Mechanism
(CDM), an arrangement under the Kyoto Protocol monitored by the
United Nations Framework Convention on Climate Change (UNFCCC).
Neither TSX Venture Exchange nor its Regulation Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Carbon2Green Corporation Andre Bergeron Chairman of
the board of directors 450-786-8990 info@carbon2green.ca
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