Hempalta Acquires Majority Stake in Hemp Carbon Standard Inc., Boosting Carbon Credit Initiatives

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[{"type":"text","content":"Hempalta Acquires Majority Stake in Hemp Carbon Standard Inc., Boosting Carbon Credit Initiatives\n \n \n (NewsDirect)\n \n \n \n \n Hempalta CEO Darren Bondar joined Steve\nDarling from Proactive to share news the company has the completion of\ntheir acquisition of a controlling 50.1% interest in Hemp Carbon\nStandard. Recognized for its capability to absorb significant amounts\nof carbon dioxide, industrial hemp has become a cornerstone in HCS’s\npioneering efforts to produce carbon credits from the plant’s\nlifecycle.\n \n \n These carbon credits\noffer corporate buyers a way to obtain high-quality, high-integrity\ncredits, enabling them to both measure and enhance their\ndecarbonization strategies while promoting regenerative agricultural\npractices.\n \n \n HCS utilizes advanced\nremote sensing technology for precise CO2 sequestration measurement\nwithin the biomass of industrial hemp and its associated topsoil. This\nmethod ensures transparency, accuracy, and integrity in carbon\naccounting, helping corporations achieve their sustainability\ngoals.\n \n \n In 2023, HCS expanded its monitoring operations to\ninclude 15 farms and 45 sites across 1,380 hectares in Canada, the\nUnited States, Ukraine, and Spain. This extensive monitoring has\nsuccessfully sequestered 12,354 tonnes of CO2, marking significant\nprogress in environmental sustainability efforts.\n \n \n \n Contact\nDetails\n \n \n \n Proactive North America\n \n \n +1\n604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2024 TheNewswire - All rights reserved.\n \n \n","length":1985,"tagName":"div"}]

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