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CGN Carbon2Green Corporation

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Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Carbon2Green Corporation TSXV:CGN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Carbon2Green Will Produce Biodiesel

08/09/2010 2:00pm

Marketwired Canada


Carbon2Green Corporation ("Carbon2Green" or the "Corporation") (TSX VENTURE:CGN)
is pleased to announce that, while maintaining its goal of obtaining carbon
credits provided in its business plan, the Corporation will now focus,
especially for financing and operations, on the "biodiesel" generated income
component of its African subsidiary located in the Democratic Republic of Congo
("DRC").


Carbon2Green is currently conducting a pilot project in the Bandundu region of
DRC and wants to achieve a funding enabling it, by the end of the year, to
proceed with the hiring of over 300 people and planting nearly 35 million trees,
called Jatropha Curcas, on an area of over 14,000 hectares of degraded lands.


According to the latest estimates related to the Bandundu project prepared by
the external engineering consulting firm Genivar, those trees, which fruits
contain a large quantity of oil, will produce, once the implementation phase is
completed, approximately 24 million liters of biodiesel per year in the next two
to three years.


"As the biodiesel market is booming and we expect that it will remain so for
many years, we believe that this is a decision that can only be very beneficial
for our shareholders", said Carbon2Green's chairman of the board of directors,
Mr. Andre Bergeron.


About Carbon2Green (www.carbon2green.ca)

Carbon2Green Corporation is a carbon project developer dedicated to the
international effort to reduce greenhouse gases. Its main business activities
are under the Clean Development Mechanism (CDM), an arrangement under the Kyoto
Protocol monitored by the United Nations Framework Convention on Climate Change
(UNFCCC).


Neither TSX Venture Exchange nor its Regulation Services Provider (as the term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


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