Verde joins hands with WayCarbon to advance carbon removal project
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Verde AgriTech Ltd has partnered with WayCarbon to boost the development and monetization of its carbon removal project.
WayCarbon, known for its carbon removal projects, is a pioneer in sustainability solutions. WayCarbon will support Verde with its carbon credits’ development, certification, marketing, and monetization within the partnership.
Verde announces a strategic partnership with WayCarbon to bolster the development and monetization of its carbon removal project. WayCarbon is 80% owned by Banco Santander, one of Europe's largest banks.
— Verde AgriTech – Investors (@verdeagritech) February 12, 2024
Read more at: https://t.co/oACBkBN3ZG#TSX $NPK.TO #VerdeAgriTech pic.twitter.com/21xCHykNKT
“This partnership with WayCarbon marks a new chapter for Verde. It represents a crucial step towards monetization of Verde’s own significant carbon removal potential and allows the Company to collaborate on new projects with Brazil’s most credible carbon developer. WayCarbon has been active in this sector since 2006 making it a veteran with a success record to match. I believe that the combination of our attributes has the potential to spawn one of the world’s largest carbon removal platforms,” said Cristiano Veloso, Verde’s Founder and CEO, in a release.
Also read: Carbon Capture and Storage market set to surge to $18.1 billion by 2033
“We are thrilled about our partnership with Verde AgriTech. At WayCarbon, our mission is to drive the transition to a Net-Zero economy. This transformation is a multi-sectoral endeavor. The distinctive properties of Verde’s products, coupled with Verde’s extensive proven mineral reserves and their strategic proximity to key agricultural regions of the country, present a unique opportunity to advance the decarbonization of the Brazilian agricultural sector,” said Breno Rates, WayCarbon’s Founding Partner and head of Carbon Projects.
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