Carbon Blockchain expands in Africa
SALT LAKE CITY, 28 December 2022 /PRNewswire/ — The Carbon Blockchain, Inc. (TCB), a carbon finance and technology services company that produces high-integrity carbon credits, has announced the acquisition of Minerva Green. Minerva Green is a South African agricultural group specializing in the development of proprietary, indigenous African hemp strains. The acquisition will drive the expansion of industrial hemp cultivation throughout Africa and beyond providing:
- Nature-based solutions for carbon sequestration and replacement of traditional petroleum-based carbon inputs in plastic and rubber
- Production of green coal and biochar for soil remediation and water retention
- Blockchain technology that produces immutable high-quality carbon credits
Mike Lawsfounder of Minerva Greencommented, “We are excited to accelerate industrial hemp production and processing in South Africa by combining advanced technology with regenerative agriculture. Our focus will be on socio-economic upliftment and the inclusion of local genetics and plant breeding expertise.”
In addition, TCB has announced a joint venture with Serengeti Energy Holdings, a clean energy biomass and waste conversion company based in New York City. The joint venture will focus on opportunities throughout Africa and biomass cultivation on a large scale, starting in Ghana.
Commenting on the joint venture, Hamilton Caranda Martin, CEO of Serengeti Energy Holdings, said: “We are excited to partner with TCB and leverage their expertise in carbon finance and advanced carbon technologies to transform the industrial hemp agricultural value chain with high-capacity green bio-energy processing and fiber facilities , in collaboration with hemp-producing African nations.This will naturally affect the environment, food and nutrition security, jobs and wealth creation within Ghana and the African continent, while helping to reduce environmental carbon and deforestation.”
“These acquisitions and partnerships demonstrate TCB’s commitment to driving positive change and sustainability in the global economy through carbon finance and carbon projects. The opportunities in Africa makes TCB a category-defining leader in this important market. The expanded footprint i Africa providing the basis for TCB’s ‘Project Gigaton’ launch in Q1′ 2023.” said Daniel HigbeeCEO of TCB.
About The Carbon Blockchain, Inc.
A carbon finance, carbon project development and technology services company, which produces high-integrity carbon credits, uses a range of technologies, including smart agriculture and edge-IoT technology to track decarbonisation, as well as blockchain technology to support online payments and market access. These technologies improve access to agricultural and trade finance, enabling small businesses to compete with larger firms. TCB is currently closing its final seed round in preparation for its Series A funding round.
SOURCE Carbon Blockchain
