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ITOCO Inc. (OTC PINK:ITMC) announces a joint venture with LATINCHOICE - UNIPESSOAL LDA in Portugal to expand its successful Nopal Cactus Carbon Capture Program. This program, tested in Mexico, permanently captures carbon and rehabilitates arid landscapes. The Nopal Cactus can sequester up to 30 tons of carbon dioxide per hectare annually while also producing beneficial crops. The partnership aims to leverage LATINCHOICE's expertise in government relations and carbon tax credits for broader implementation in Europe.
ITOCO INC. (OTC PINK: ITMC) announced the Nopal Cactus' role in land reclamation and its carbon-reducing capabilities. The cactus thrives in arid conditions, promoting soil stability and enabling other plants to grow. Their Nopal Cactus Carbon Credit program aims for efficient land rehabilitation in Mexico, showing significant results over 1,450 hectares. This initiative aligns with the Great Green Wall project across Africa, which aims to combat desertification. ITOCO emphasizes that their program supports global efforts in carbon capture and environmental sustainability.
ITOCO INC. (OTC PINK: ITMC) has appointed Maria Teresa Tattersfield Yarza to its Board of Directors. She will attend the upcoming COP 26 climate conference in Glasgow, representing the company's sustainable initiatives. Tattersfield specializes in carbon capture and has a robust background in environmental policy and management. The company is advancing its Nopal Cactus Carbon Capture Program, which effectively captures up to 30 tons of CO2 per hectare annually and contributes to efforts like the Great Green Wall.
ITOCO INC. (OTC Pink: ITMC) will participate in the COP 26 meeting from October 25 to November 12, 2021, in Glasgow, UK. This conference is a significant global event aimed at addressing climate change. ITOCO will present its Nopal Cactus Carbon Capture Program, highlighting its ability to sequester up to 30 tons of CO2 per hectare per year. The initiative contributes to the Great Green Wall project, aiming to restore 100 million hectares of land by 2030 and create 10 million green jobs. This innovative program addresses environmental challenges while generating economic opportunities.
ITOCO INC. (OTC PINK:ITMC) has secured final signatures on 436 hectares of Nopal Cactus plantations in Mexico from 125 farmers, enhancing its carbon credit potential. The company anticipates certification for approximately USD $750k in carbon credits, expected upon verification by Verra. ITOCO aims to finalize contracts for about 60,000 hectares and projects annual earnings of up to USD $45 million from carbon credits. As a pioneer in this market, the firm benefits from rising carbon prices.
ITOCO Inc. (OTC PINK:ITMC) has secured final agreements for 1,014 hectares of Nopal Cactus Plantations in Mexico, managed by 125 individual farmers. The company has applied for approximately $750,000 in Carbon Credits through Verra Standard, expecting funds upon verification. ITOCO estimates an annual yield of $45 million from Carbon Credits and is in negotiations to expand its land holdings. Representatives will participate in the Fifth International Nopal Conference on September 17, discussing various aspects of the Nopal Cactus and promoting its uses.
ITOCO INC. (OTC PINK:ITMC) announced the appointment of Mr. Erik Gordillo Enamorado as Project Coordinator for Carbon Credits and Chief Agricultural Liaison. An Agronomist Engineer specialized in Agricultural Economics, Mr. Enamorado will engage with Nopal Cactus farms involved in ITOCO's Carbon Credit program. His previous role as CEO at México Red de Agronegocios involved managing agricultural products and services. The company aims to strengthen relationships with farming partners, emphasizing financial incentives from Carbon Credits.
ITOCO INC. (OTC PINK:ITMC) has appointed Xavier Eyamba as Director of its African Management and Development Team for Carbon Credits and Capture. With over 25 years of experience, Eyamba is set to enhance ITOCO's initiatives in carbon emission reduction across various sectors in Nigeria and sub-Sahara Africa. His role includes collaboration with the Nigerian government to attract green investments and implement climate-resilient development strategies. ITOCO aims to lead in bio-tech development while supporting global climate goals.
ITOCO INC. (OTC PINK:ITMC) has appointed Mr. Alberto Ramirez as the new leader of its Technical Management Team for Carbon Credits and Capture. Ramirez, a qualified Biologist from the National Autonomous University of Mexico, previously served as the Forest Carbon Coordinator at the World Resources Institute (WRI) in Mexico. He brings extensive experience in managing CO2 forestry projects and advising on biodiversity and climate change policy. This strategic hire aligns with ITOCO's mission to excel in Bio Tech solutions through sustainable practices.
ITOCO INC. (OTC PINK:ITMC) announced the appointment of Rene Ibarra to its Technical Management Team focusing on Carbon Credits and Capture. Ibarra, an accredited verifier since 2016, has evaluated 48 Carbon Capture projects in Mexico and received the CARROT award in 2019. His expertise includes managing sustainable forest projects and certifications. This strategic addition aims to enhance ITOCO's efforts in developing commercial products from Nopal cactus, noted for its significant Carbon reducing properties, with more details expected in future releases.
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