The Carbon Blockchain (TCB) has acquired Minerva Green, a South African agriculture group specializing in the development of proprietary hemp strains. The acquisition aims to drive the expansion of industrial hemp cultivation in Africa and beyond, providing nature-based solutions for carbon sequestration and the replacement of traditional petroleum-based carbon inputs in plastics and rubber, as well as the production of green charcoal and biochar for soil remediation and water retention. TCB also plans to use blockchain technology to produce high-quality, immutable carbon credits.
The Carbon Blockchain (TCB) has announced the acquisition of Minerva Green, a South African agriculture group that specializes in the development of proprietary, indigenous African hemp strains. The acquisition will drive the expansion of industrial hemp cultivation in Africa, providing nature-based solutions for carbon sequestration, the replacement of traditional petroleum-based carbon inputs in plastics and rubber, and the production of green charcoal and biochar for soil remediation and water retention. TCB also plans to use blockchain technology to produce high-quality, immutable carbon credits.
Mike Laws, the founder of Minerva Green, said: “We are excited to accelerate industrial hemp production and processing in South Africa by combining advanced technologies with regenerative farming. Our focus will be on socio-economic upliftment and the inclusion of local genetics and plant cultivation expertise.”
TCB has also announced a joint venture with Serengeti Energy Holdings, a clean energy biomass and waste conversion firm based in New York. The joint venture will focus on opportunities throughout Africa, starting with biomass cultivation at scale in Ghana.
Hamilton Caranda Martin, the CEO of Serengeti Energy Holdings, said: “We are thrilled to partner with TCB and leverage their expertise in carbon finance and advanced carbon technologies to transform the industrial hemp agricultural value chain with high-capacity green bio-energy processing and fiber facilities, in partnership with hemp-producing African nations. This will naturally impact the environment, food and nutrition security, job and wealth creation within Ghana and the African continent while aiding in reducing environmental carbon and deforestation.”
Daniel Higbee, the CEO of TCB, said: “These acquisitions and partnerships demonstrate TCB’s commitment to driving positive change and sustainability in the global economy through carbon finance and carbon projects. The opportunities in Africa make TCB a category-defining leader in this important market. The expanded footprint in Africa provides the foundation for TCB’s ‘Project Gigaton’ launching in Q1′ 2023.”
Image provided by The Carbon Blockchain
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