[Blockierte Grafik: https://images.squarespace-cdn…rizontal.png?format=1500w]
CARBON NEUTRAL ROYALTY ANNOUNCES STRATEGIC BLUE CARBON PARTNERSHIP WITH MARIS LTD
March 3, 2022—London, United Kingdom: Carbon Neutral Royalty Ltd. (“CNR” or the “Company”) (Private) is pleased to announce that it has entered into an Investment Agreement Partnership term sheet with Maris Ltd (“Maris”) and the Maris group of companies for the origination and co-development of Blue Carbon credit projects in coastal and marine ecosystems. The partnership will operate within the Maris group of companies’ operational zones including Kenya, Tanzania, Angola and the DRC (“Partnership Region”) and will exclude project locations where CNR has other international partners.
PARTNERSHIP HIGHLIGHTS:
- Enhanced Exposure to Blue Carbon Credit Portfolio: Partnership provides CNR exposure to future Blue Carbon project co-development concessions through government MOUs, targeting highly degraded areas.
- High-Margin Projects: Partnership agreement will lock in planting costs for CNR on future projects at cost plus 10%. Blue Carbon restoration projects are up to ten times more productive at sequestering carbon per hectare than terrestrial forests at 1/3 of the planting cost. Existing mangrove restoration projects have recently traded up to US$34/t.
- Blue Carbon Platform: Maris to benefit from CNR’s Blue Carbon Ecosystem, including operational best practice and R&D.
- Significant Scalability: Maris’ pan-African expertise provides Carbon Neutral with the ability to implement projects across multiple countries in parallel.
- Community Enrichment: Partnership will ensure a significant share of credit production will be allocated to project area communities and governments.
Brett Heath, non-executive chairman commented, “Maris is a highly reputable investor across Africa with a substantial portfolio of forestry and agroforestry businesses. CNR will benefit from Maris’s presence across vital African Blue Carbon jurisdictions, allowing CNR to co-develop mangrove restoration and seagrass conservation projects at scale”.
Charlie Tryon, co-founder & CEO of Maris commented “This partnership is an exciting opportunity to achieve significant environmental impact while benefitting local communities and generating attractive financial returns. We’re delighted to be working with such an experienced investor as CNR.”
TRANSACTION
Maris will work exclusively as a developer with CNR in the partnership region to identify and develop new Blue Carbon projects. Both parties will enter into Memorandum’s of Understanding (“MOU”) with respective governments within the Partnership region to develop projects for conservation of Blue Carbon stocks and rehabilitation through enrichment planting of degraded areas. CNR and Maris will share the costs of verification and monitoring while Maris will charge CNR 10% of the planting costs for CNR’s share of the project, as incurred. The term of the agreement will be three years and may be extended.
BLUE CARBON
Blue Carbon, captured by the world’s oceans, represents more than 55% of the green carbon (captured by plants). The carbon captured by living organisms in oceans is stored in the form of sediments from mangroves, salt marshes, and seagrasses. It typically remains stored for millennia unlike land-based forestry. The ocean is the most effective carbon climate mitigator, circulating 83% of global carbon. Its algae production and mangrove shorelines are vital for its contribution to climate restoration and conservation. Mangrove restoration projects, which have the highest effect on mitigation, as well as maintaining biodiversity and promoting life-bearing ecosystems, are ten times more productive at sequestering carbon per hectare than terrestrial forests and provide significant co-benefits. Mangroves tend to significantly improve biodiversity by providing a rich habitat for marine and bird nurseries. Fish stocks typically have increased by 50% where mangroves have been restored and are directly responsible for the improvement of water quality. Mangroves can stabilize shorelines and guard against erosion, and vegetation cover typically leads to better soil conditions.
MARIS LTD
Maris is a diversified investment holding company with operating companies in 5 divisions across 11 sub–Saharan African countries. Agris, the company’s agricultural and forestry division is developing carbon offset projects, including at Equatoria Teak Company, South Sudan, which manages more than 2,300 ha of teak plantations. As a long-term investor, Maris is committed to delivering environmental sustainability, positive social impact and long-term financial growth to help shape a bright future for Africa.
ABOUT CARBON NEUTRAL ROYALTY
CNR was founded in July 2021 by an experienced team and is assembling a high-quality, long-life, portfolio of carbon credit streams and royalty projects across the world. Our goal is to increase shareholder value by adding accretive acquisitions to our diversified portfolio of assets, focusing on the most experienced developers.
For further information, please visit our website at www.carbonneutralltd.com
ON BEHALF OF CARBON NEUTRAL ROYALTY LTD.
(signed) “Brett Heath”
