The MOU aims to undertake a methane gas reduction project in a maximum of 10,0000 ha of paddy fields.
Green Carbon, Inc. (CEO: Jun Okita, hereinafter referred to as “Green Carbon”) is pleased to announce that it has signed an MOU with the Department of Agriculture and Rural Development (hereinafter referred to as “DARD”) of Thanh Hoa province, Vietnam. This MOU aims to promote a paddy field project covering a maximum of 10,000 ha in Thanh Hoa Province.
◆Background of the MOU with DARD of Thanh Hoa Province
Green Carbon is dedicated to generating carbon credits from natural sources, focusing on Southeast Asia, including initiatives such as methane reduction in rice paddies, livestock emissions reduction, and biochar projects. In Vietnam, we are focused on paddy field projects developing through Nam Dinh Province, Nghe An Providence, Vinh Phuc Province, and An Giang Province. Promoting such a project in Thanh Hoa Province, we have signed an MOU with the Department of Agriculture and Rural Development (DARD).
DARD’s role will mainly involve cooperating on the *¹AWD project in Thanh Hoa Province, recommending and introducing the project to local farmers, providing guidance to farmers, and requesting cooperation from related organizations. Green Carbon will collaborate with local research institutions and universities in Vietnam to measure methane gas emissions from paddy fields, collect necessary data, and handle the issuance and sale of carbon credits.We plan to expand the project to approximately 10,000 hectares in the next 10 years.
○Photo of the signing ceremony (From left to right: Mr. Trinh Duc Toan – Deputy Director of ASINCV / Mr. Nguyen Dinh Sơn – Deputy Director, Department of Crop Production and Plant Production – under Thanh Hoa DARD / Mr. Nguyen Dang Nguyen – Director of Agriculture services center of Yen Dinh district / Jun Okita – CEO of Green Carbon, Inc.)
○Meeting with DARD of Thanh Hoa Province
*¹：Thanh Hoa Province
Thanh Hoa Province is located in the northern central region of Vietnam and is the third most populous region in the country, following Hanoi and Ho Chi Minh City. The province hosts a significant amount of foreign direct investment (FDI) in Vietnam and actively promotes the introduction of high-tech agriculture. It is also a major rice-producing region, second only to the Mekong Delta. Green Carbon is committed to reducing methane gas emissions from rice paddies to contribute to the sustainable development of agriculture in Thanh Hoa Province.
*²：AWD (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 generation 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.