The Carbon Blockchain, Inc. (TCB) has acquired South African agriculture group, Minerva Green, according to a press release.
"We are excited to accelerate industrial hemp production and processing in South Africa by combining advanced technologies with regenerative farming,” Mike Laws, founder of Minerva Green, said. “Our focus will be on socioeconomic upliftment and the inclusion of local genetics and plant cultivation expertise."
The purpose of the acquisition is to contribute to the hemp cultivation throughout Africa to find a nature-based remedy for carbon inputs in plastics and rubber, green charcoal and biochar production intended for soil remediation and water retention, and blockchain technology to produce high-quality, immutable carbon credits.
The partnership launched in correlation with TCB’s joint venture with New York City-based company, Serengeti Energy Holdings.
“The joint venture will focus on opportunities throughout Africa and biomass cultivation at scale, starting in Ghana,” a recent press release explains.
"These acquisitions and partnerships demonstrate TCB's commitment to driving positive change and sustainability in the global economy through carbon finance and carbon projects,” Daniel Higbee, CEO of TCB, said. “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."
Minerva Green specializes in the development of proprietary, indigenous African hemp strains.
"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,” Hamilton Caranda Martin, CEO of Serengeti Energy Holdings, said. “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."