Miami, Florida-based Amazonas Florestal Ltd., a natural resources business stressing sustainable forestry practices, recently revealed its completed acquisition of Earth Pass LLC, with an adjunct Brazilian division operating under the name Amazon Sustainable Development Corp. (ASD).
The purchase includes 64,000 acres of licensed native forestland qualified for carbon credit certification through a United Nations program.
"This acquisition of these valuable assets will increase shareholder value considerably and open the door to substantial opportunities for the company in Brazil,” Ricardo Cortez, Amazonas Florestal board chairman, said. “Amazonas Florestal, through its new subsidiary ASD, can now officially begin work on the studies that will certify the carbon credits available on the ASD properties. All of the necessary vehicles are now in place to begin the studies in February under the direction of Peter Stebbins and key personnel in Brazil that become part of the company as a result of this new acquisition."
Amazonas Florestal Ltd. manages large rainforest land tracts in Amazonas, Brazil, harvesting industrial hemp and trading carbon credits via certification and sales. The company uses conservation practices and education to exemplify how preservation can be profitable.
"The conclusion of the due diligence means these much anticipated assets are now part of Amazonas Florestal,” J.C. Ubieto, the firm's IRO, said. “This opens many potentially lucrative doors in the large Brazilian nation. We have already been contacted by a number of agencies requesting information and offering project ideas to begin our carbon studies next month. The potential upside of this activity is significant and has focused interest on it. The COP20 meeting in Paris has created noteworthy interest and has focused attention on carbon credits and resulted in increased demand on the Voluntary Market for Carbon Credits."
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