Crimson Bioenergy Announces Delivery of 129,545 tonnes of VERs to ERA

    




 VANCOUVER, Jan. 27, 2012 /CNW/ - Crimson Bioenergy Ltd.   through its wholly owned subsidiary CSQ Environmental Technologies  Ltd., is pleased to announce the sale and delivery of 129,545 Verified  Emission Reductions ("VERs") to ERA Carbon Offsets Ltd. (TSX‐V: ESR).  The VERs, defined as one tonne of CO(2) equivalent emissions reductions, resulted from the successful  completion of Crimson's first afforestation project. The project was  independently validated and verified as ISO 14064-2 compliant. 

 The project is located near Fort St. John, BC and involved the  afforestation of over 200 hectares of under-utilized land with a  combination of white spruce and hybrid poplar.  CSQ and ERA have  amended the amount of VERs to be delivered under their agreement to the  129,545 VERs being transferred, with CSQ retaining full rights to the  additional VER's that will be resulting from the project. In addition  to the business reasons for the project, this undertaking will also  enhance watershed protection in the area and provide increased habitat  for native species of birds and animals. 

 William W. Carr, President and CEO of Crimson stated, "We are excited to  complete the validation on the Flatrock project and the transfer of  VERs to ERA. We view the Flatrock project as a critical step to  bringing this under-utilized land back to working forest. The Flatrock  lands are a great initial acquisition for the Company." 

 Duncan Manson, CEO of ERA states, "We are pleased to see this important  pilot carbon project achieve this milestone and deliver its first  tonnes [or 'VERs.'] We'd like to congratulate Crimson for their  diligent work in envisioning the project and bringing it to life. The  Flatrock project demonstrates the efficacy of using carbon finance as a  mechanism to help address the forest restoration needs of British  Columbia." 

 ERA Carbon Offsets Ltd. - A pioneer in forest restoration and conservation carbon offset projects,  ERA has delivered over two million tonnes of carbon offsets to the  voluntary market.  ERA's clients and product users include Air Canada,  Catalyst Paper, Rolling Stone Magazine, Entega, Forest Carbon Group,  and Shell Canada.  ERA's carbon offset products are validated and  verified to ISO-14064 and VCS standards.  

 Crimson Bioenergy Ltd.- has extensive management expertise in the areas of forest management,  forest ecosystem restoration, energy crops and greenhouse gas offsets  (carbon credits). Crimson is pursuing the development of longer-term  wood fibre/carbon credit plantations that meet the terms of  "Afforestation" under forest carbon offset programs.  It also is  developing reforestation projects on under-utilized agricultural lands  for the expanding biomass energy market that involve short rotation,  high density hybrid poplar plantations, called "Energy Crops", with a  3-to-5 year growth cycle. 

 Additional information on Crimson Bioenergy can be found at www.sedar.com and on the corporate website at www.crimsonbioenergy.com or by contacting [e-mail] 

 William W. Carr, President 

Crimson Bioenergy Ltd.


CONTACT:  Peter Fentiman, Investor RelationsCrimson Bioenergy Ltd.Suite 202 - 5752  176th StreetSurrey, BC  V3S 4C8Phone: [phone], orToll free: 1 [phone] 


    

Copyright