TORONTO, CANADA / ACCESSWIRE / September 16, 2021 / ITOCO INC. (OTC Pink: ITMC) is pleased to have received final signatures on an initial 1014 hectares of Nopal Cactus Plantations in State of Mexico, and Hidalgo State, Mexico from 125 individual farmers.
Itoco has applied to “Verra Standard (VCS)” for the certification of approximately US $750k in Carbon Credits based on the extractive properties of the Nopal Cactus plant vis a vis Carbon on this first 1014 hectares. Itoco’s expectation is to be in receipt of funds within 90 days. Carbon Credit number are based on the lowest values received on similar packages.
So far, Itoco has contracted about 60,000 hectares of Nopal Cactus Plantations in Mexico and is in the process of final contracting on each individual package. The land package represents the farming activities of about 3000 individual farmers in Mexico.
Itoco will be announcing additional final contracts soon.
Itoco estimates that this land package will yield up to USD $45 million annually in Carbon Credits. Itoco has the right to collect and administer the majority of these credits on behalf of producers.
Itoco is in advanced negotiations to add substantially more property in Mexico and Internationally.
Representatives of Itoco will also attend the Fifth International Nopal Conference on September 17 – the International Day of Nopal.
Attendees at the conference will exchange knowledge about many aspects of the Nopal (Prickly Pear) Cactus. Various Universities, Producers, Processors, Farmers, and Agro Scientists are attending the conference.
One of the objectives of the conference is to increase awareness of the nutraceutical value of the Nopal Cactus among participating universities, producers cactus processors, students and farmers.
Topics will include the discussion and transfer of ideas related to the good management, breeding, and growing of Nopal.
The Nopal Cactus captures Carbon permanently form the atmosphere, yields delicious fruit and juice, is edible in its entireity, is an effective base for bio-fuel, can be turned into high quality synthetic leather, and has significant soil and land remediation properties.
While Itoco’s focus in on Carbon Capture, we will also be seeking to advance the other useful applications of the plant with local and international partners.
ITOCO’s mission is to be a global leader in developing, distributing, and producing Bio Tech related technologies and methodologies in a compliant environmentally friendly manner. ITOCO INC. trades on the OTC Markets, symbol: ITMC. ITOCO is a 13-year-old publicly quoted specialty Bio Tech development, production and distribution company based in Toronto, Canada and Nevada USA. Itoco seeks to partner with outstanding individuals and companies within this field to joint venture, research, and co-develop Bio Tech related products and technologies to the market.
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