Aim to utilize Carbon Credits produced from Biochar throughout the entirety of Southeast Asia
Green Carbon, Inc. (CEO: Jun Okita, hereinafter referred to as “Green Carbon”) is pleased to announce that it has signed an MOU with Alcom Carbon Markets Philippines, Inc., (Founder and Managing Director: Prateek Tiwari, hereinafter referred to as “Alcom”) a biochar plant manufacturer that expanded manufacturing of biochar plants and has obtained the first puro earth certification*¹. Puro Earth is an internationally recognized institution for carbon credit trading. The MOU aims to expand the business throughout Southeast Asia by utilizing biochar to produce carbon credits, starting from the Philippines.
◆Background of MOU and project overview
Green carbon is aiming to expand the production of naturally derived carbon credits through Southeast Asia in sectors including afforestation, paddy fields, mangrove plantations, reducing cattle eructation, and biochar production. To further expand the biochar project in the Philippines, Green Carbon has collaborated with Alcom through an MOU for the manufacturing and operation of biochar materials.
Alcom is a biochar plant manufacturer based in Singapore, which also operates in the production of biochar-derived carbon credits in the Philippines, along with expanding international businesses including India, the United Kingdom, and the United States.
Based on this MOU, Alcom aims to expand the production and selling of carbon credits obtained from biochar and its byproducts. Green Carbon is currently working on a project in the Bulacan State of the Philippines to implement the AWD *²strategy on 800ha of rice paddies, to reduce methane gas emissions. There are plans to expand this project to a further 10,000ha of farmland in the Nueva Ecija State. The joint efforts made between the two companies will convert rice husks to biochar, further increasing the production of carbon credits and earning profits for local farmers. By collaborating with our respective company’s strengths, we aim to improve the efficiency of business operations for the contribution to the well-being of local communities and decarbonization.
◆Comment from Pateek Tiwari, President of Alcom
The MOU between the two companies connects our mutual determination to take an important step in reducing carbon dioxide emissions in the agriculture sector. By combining the expertise of both companies, not only do we benefit the Earth’s environment, but encourage the sustainable practice of raising resilience and productivity for rice farmers.
〇Photo of the MOU①（Left: Takato Senoo, COO of Green Carbon, Inc. Right: Pateek Tiwari, President of ALCOM CARBON MARKETING PHILIPPINES, INC.）
〇Photo of the MOU②
*¹puro earth
puro earth is the world’s first global certification institution in the B2B market focused on the long-term removal of atmospheric carbon. By publishing verified CO₂ removal certifications (CORCs), puro earth is putting effort in calling for the reduction and prevention of CO₂ emissions by collaborating with corporations and carbon negative technology suppliers. This institution is also in the current frontline for developing carbon sequestration methodologies, through biochar, carbonized building materials, and carbon capture sequestration.
*2AWD (Alternate Wetting Drying)
AWD is a technique that involves periodically flooding and naturally drying paddy fields based on the water level. Compared to continuous flooding, AWD can reduce water usage and contribute to the conservation of water resources.
◆Green Carbon, Inc.
Representative : CEO Jun Okita
Address : Isal AKASAKA607, 5-2-33, Akasaka, Minato-Ku, Tokyo, Japan
Founded : December 2019
Business Operations : Creation and Selling of Carbon Credits, Agricultural Business, Environmental Business, Businesses related to Environmental Consulting, and others. URL : https://green-carbon.co.jp/
◆Introduction of Green Carbon
Green Carbon operates with the vision of “Saving the Earth with the Power of Life,” providing comprehensive support from carbon credit creation, and registration, to sales. Additionally, we are involved in agriculture-related businesses, research and development, and ESG consulting, among others. Our main focus is on the creation of carbon credits through methane gas reduction in rice paddies, where we have obtained certification for J-Credits, the first and largest in Japan (approximately 6,220 tons), and plan to expand to around 50,000 hectares in the fiscal year 2024. We also offer a service called “Agreen” that integrates credit registration, application, and sales into one platform, simplifying procedures such as application registration and document preparation, thus reducing the workload for credit creators.
◆ Introduction of Alcom
Alcom is based in Singapore, and participates in the operation and manufacturing of bio-char. We have acquired our first puro earth certification in the Philippines, and now participates in domestic businesses related to bio-char administrations. Our company is now undertaking preparations to begin operations for a new bio-char business opportunity after the decision for investment has been made. As we expand our business operations within the Philippines, we are also developing international business ties with countries including India, the United Kingdom, and the United States of America.
URL: https://alcomcm.com/