Green Carbon, Inc. (CEO: Jun Okita, hereinafter referred to as “Green Carbon”) is pleased to announce that it has signed an MOU with Loc Troi Group (Representative: Nguyen Duy Thuan, hereinafter referred to as “Loc Troi”), which has the largest rice production area in Vietnam, and DAITHANH (Representative: Tong Giam Doc, hereinafter referred to as “DAITHANH”), which possesses smart agricultural technology. This MOU aims to promote a paddy field project covering approximately 200,000 hectares in An Giang Province (hereinafter referred to as “An Giang”) in the Mekong Delta region of Vietnam.
◆Background of the Collaboration with Loc Troi and DAITHANH
Green Carbon is engaged in generating nature-based carbon credits focusing on Southeast Asia, including initiatives such as methane reduction in rice paddies, livestock emissions reduction, and biochar projects. In Vietnam, we are mainly focused on paddy field projects. We have signed an MOU with Loc Troi Group, which has the largest rice production area in Vietnam, to promote a project in the Mekong Delta region of An Giang Province.
Loc Troi is the only entity in Vietnam that has obtained SRP2023 certification. By collaborating with Green Carbon, Loc Troi agrees to create carbon credits derived from paddy fields which contribute to reducing environmental impact. We aim to expand this project to approximately 200,000 hectares.
*¹ SRP (Sustainable Rice Platform) :
SRP is an initiative aimed at promoting resource use efficiency and resilience to climate change in the rice system (both within farms and across the entire value chain). It seeks to pursue voluntary market transformation initiatives by developing sustainable production standards, indicators, incentive mechanisms, and dissemination mechanisms to promote the widespread adoption of sustainable best practices throughout the rice value chain.
*²AWD (Alternate Wetting and 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.
◆Introduction to Green Carbon Business
Green Carbon operates with the vision of “Saving the Earth with the Power of Life,” providing comprehensive support from carbon credit creation, registration, to sales. Additionally, we are involved in agriculture-related businesses, research and development, 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 to Loc Troi
Setting a mission to fulfil the wishes of farmers, enhance their status and livelihoods, and contribute to the creation of livable rural communities. Particularly, Loc Troi strives to elevate the value of rice and contribute to the improvement of farmers’ income and livelihoods by building brands for Vietnamese rice and establishing food value chains.
URL: https://loctroi.vn/
◆Introduction to DAITHANH
Since June 2005, DAITHANH has been engaged in the sale of hybrid corn and hybrid rice seeds, and since 2010, it has expanded its production and business activities in the agricultural sector. They provide farmers nationwide in Vietnam with superior seed sets that enhance productivity and efficiency per unit of cultivated area, thereby improving the quality of life and prosperity of farmers. Additionally, they aim to enhance production efficiency and business sustainability for farmers and the business community through smart agriculture technology.