Carbon2Green Corporation
TSX VENTURE : CGN

Carbon2Green Corporation

September 08, 2010 09:00 ET

Carbon2Green Will Produce Biodiesel

MONTREAL, QUEBEC, CANADA--(Marketwire - Sept. 8, 2010) - 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.

Contact Information

  • Carbon2Green Corporation
    Andre Bergeron
    Chairman of the board of directors
    450-786-8990
    info@carbon2green.ca