ACCESS Newswire
15 Aug 2022, 18:31 GMT+10
CASTLEGAR, BC / ACCESSWIRE / August 15, 2022 / Karbon-X Corp (OTC PINK:KARX) an innovative carbon marketing and project development company, announced today that the Company has opened a BioCarbon Registry (BCR) account to register multiple verified carbon credit generating projects from the planting of Dipteryx Alata Baru Nut trees to the development of a sustainable charcoal project using the waste biomass from the Dipteryx Alata Baru Nut trees as the medium. The project is being completed through KARX existing partnership with SCS and 4everforest in Bolivia.
KARX and BCR will also explore co-developing a methodology pertaining to the planting of alternative crops such as hemp. The methodologies will be co-developed and will meet the needed criteria to show sequestration of CO2 from the planting of the alternative crop with a focus on additionality and allow verified carbon credits to be issued from such plantings.
'The opening of the BioCarbon Registry account allows Karbon-X and our project partners another source of information to verify carbon credits while using a very secure platform with blockchain tech for credit issuance. I see a long-term relationship developing with the team at the BioCarbon Registry as we share mutually beneficial goals in implementing practices to assist with CO2 reductions globally.' said Karbon-X CEO, Chad Clovis.
About Karbon-X Corp
Karbon-X is a tech-based carbon marketing company specializing in selling carbon credits direct to businesses or through an owned APP to the everyday person while investing in projects that have the potential to generate carbon credits and supplies in an online social media community to encourage change and growth of the green economy.
About BioCarbon Registry
BioCarbon Registry is operating in Colombia, Brazil, Ecuador, and Turkey providing safe, verified, and compliant verified carbon credits (VCC) from twenty-four registered projects that have issued over 30 million VCC and retired over 23 million VCC. The company has a robust code of ethics and a management team with extraordinary care for the environment.
On behalf of Karbon-X Corp
For more information, visit https://www.karbon-x.com or contact:
Chad Clovis
[email protected]
+1-250-608-5435
For investor information, please contact:
Marita Dautel
Executive Vice President
[email protected]
+1-250-608-4805
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION.
Forward-Looking Statements:
This press release contains 'forward-looking information' within the meaning of applicable securities laws in Canada or the United States ('forward-looking information'). Forward-looking information may relate to the Company's future outlook and anticipated events, plans or results, and may include information regarding the Company's objectives, goals, strategies, future revenue or performance and capital expenditures, and other information that is not historical information. Forward-looking information can often be identified by the use of terminology such as 'believe,' 'anticipate,' 'plan,' 'expect,' 'pending,' 'in process,' 'intend,' 'estimate,' 'project,' 'may,' 'will,' 'should,' 'would,' 'could,' 'can,' the negatives thereof, variations thereon and similar expressions. The forward-looking information contained in this press release is based on the Company's opinions, estimates and assumptions in light of management's experience and perception of historical trends, current conditions and expected future developments, as well as other factors that management currently believes are appropriate and reasonable in the circumstances.
SOURCE: Karbon-X Project Inc.
Get a daily dose of Vancouver Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Vancouver Star.
More InformationI will never forget that fateful moment when I was just 11 years old, walking back home from school with my friend. Unfortunately,...
SYDNEY, NSW, Australia - The Australian Labor Party has been swept to victory for a second term after defeating the Coalition in an...
WASHINGTON, D.C.: The U.S. State Department has started a second round of its deferred resignation program, according to an internal...
WASHINGTON, D.C.: U.S. President Donald Trump said this week that some fraud cases had been reported to the Justice Department based...
NEW YORK CITY, New York: This week, the Trump administration has approved an emergency rule that allows gas stations across the U.S....
WASHINGTON, D.C.: Major automobile companies want Congress to stop California's plan to ban the sale of gas-only cars by 2035—a rule...
DUBLIN, Ireland: April 2025 saw a slight improvement in the labor market, with the seasonally adjusted unemployment rate dropping to...
LONDON, U.K.: Grocery prices in the UK rose by 3.8 percent in April, slightly higher than last month's 3.5 percent, adding more pressure...
HONG KONG: Hong Kong's housing market continued to lose ground in March, with home prices falling for a fourth straight month despite...
BEIJING, China: China's top airlines are still grounded in red ink, reporting steeper losses for the first quarter as they battle fierce...
WASHINGTON, D.C.: General Motors is recalling more than 720,000 vehicles globally over a defect linked to its 6.2L V8 engines, the...
ATLANTA, Georgia: United Parcel Service is cutting 20,000 jobs and closing dozens of facilities, marking one of its biggest shakeups...