Crimson Bioenergy Ltd. Announces Contract with Pacific Carbon Trust
25 Setembro 2012 - 11:52PM
PR Newswire (Canada)
VANCOUVER, Sept. 26, 2012 /CNW/ - Crimson Bioenergy Ltd. is pleased
to announce that the Company, through its 100% owned subsidiary,
CSQ Environmental Technologies Ltd. ("CSQ"), has signed a contract
with Pacific Carbon Trust ("PCT") for the afforestation of
non-productive farmland near Fort St. John, BC to develop a
permanent mixed-wood forest. Under the contract PCT will purchase
up to 56,000 of the greenhouse gas offsets expected to result from
the project over a 10-year period beginning in 2013. PCT will also
have a right of first refusal to purchase any amounts over and
above the 56,000 offsets that may accrue from the project.
The performance of the contract is subject to Crimson obtaining
financing for the project on or before December 31, 2012.
Crimson is working to secure financing for the project. "This
project is a continuation of our approach to using carbon offsets
to promote the creation of new forests. We are pleased to work with
PCT as a part of British Columbia's climate change mitigation
strategy" stated Crimson Bioenergy's President, Dr. Will Carr. "The
CSQ project is the first afforestation project to be added to our
portfolio, and is an example of how offset projects provide
both long-term environmental benefits and impressive economic value
for the province of BC." -Scott MacDonald, CEO, Pacific Carbon
Trust. 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
forests that meet the terms of "afforestation" under 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 poplars,
called 'energy crops', with 3-to-10 year growth cycles. Additional
information on Crimson Bioenergy can be found on the corporate
website at www.crimsonbioenergy.com or by contacting
csn@crimsonbioenergy.com Pacific Carbon Trust is a Crown
corporation established in 2008 to deliver BC-based greenhouse gas
offsets, to help clients meet their carbon reduction goals and to
support the growth of BC's low-carbon economy. For more
information, please visit www.pacificcarbontrust.com. William W.
Carr, President FORWARD LOOKING STATEMENTS: This press release
contains "forward-looking statements" within the meaning of
applicable Canadian securities legislation. Generally,
forward-looking statements can be identified by the use of forward-
looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may" ,"could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Crimson to be materially
different from those expressed or implied by such forward-looking
statements, including but not limited to: risks relating to
Crimson's ability to raise sufficient financing to fund its
business plan, development and expansion activities, dependence on
existing management, financial activities, domestic and global
economic conditions, changes in federal or provincial income tax
laws, and market competition factors. Although Crimson has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Crimson does
not undertake to update any forward-looking statements that are
contained herein, except in accordance with applicable NEITHER TSX
VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Crimson Bioenergy Ltd. CONTACT: please contact:Crimson Bioenergy
Ltd.Suite 202 - 5752 176th StreetSurrey, BC V3S 4C8Phone: (604)
574-3100
Copyright
Crimson Bioenergy Ltd. (TSXV:CSN)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Crimson Bioenergy Ltd. (TSXV:CSN)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024