ITOCO Inc.
18.11.2021 17:23:22 CET | ACCESS Newswire | Press release
TORONTO, ON / ACCESSWIRE / November 18, 2021 / ITOCO INC. (OTC PINK:ITMC) ITOCO is pleased to announce it has selected LATINCHOICE - UNIPESSOAL LDA. in Portugal to Joint Venture as it expands its Nopal Cactus Carbon Capture Program internationally.
The ITOCO Nopal Cactus Carbon Capture Program has been developed with great success in Mexico.
The program captures Carbon from the atmosphere permanently via the Nopal Cactus, while at the same time being a highly beneficial cash crop. Additionally, introducing the Cactus into arid landscapes strategically can help in successfully re-establishing trees, grasses, and other plants to an otherwise barren landscape.
Itoco recently spoke about these initiatives at COP 26, the annual United Nations Climate Change Conference just held at Glasgow, UK.
Europe is aggressively implementing Carbon reduction programs and ITOCO is introducing its unique Carbon Capture initiative as an additional natural source of carbon capture (reduction) that can also service to rehabilitate arid areas of the continent.
The ITOCO Nopal Cactus Program has already been proven with thousands of Hectares under management with the support of the Government of Mexico. Mexico has endorsed the Paris Agreement adopted at the twenty-first session of the Conference of the Parties ("COP") to the United Nation Framework Convention on Climate Change ("UNDCC") and is taking action to mitigate its Green House Gas ("GHG") emissions in accordance with the Land Use Protocol of the United Nations (LULUCF), by 2030.
The ITOCO Program in Mexico has demonstrated Nopal Cactus farming innovations that leverages the cacti's superb adaptation to dry and arid landscapes, which include fixing carbon dioxide at night and closing the spores (stomata) during the day, thus earning producers carbon credits at an accelerated pace in under twelve months.
Nopal Cactus is able to trap up to 30 tons of carbon dioxide per hectare per year.
The Cactus is also able to offer strong vegetative cover against erosion or desertification while being able to tolerate a wide range of temperatures and to thrive in water limited environments. As is characterized by a wide-spreading fibrous roots system allowing it to access surface water and its succulent stems and pads store large quantities of water per hectare. These can be obtained by factory processing and purified for domestic use as acknowledged by the United Nations Food Agriculture Organization.
The Nopal Cactus Carbon Program is an inexpensive option to protect the environment, begin the rehabilitation of land and soil, and obtain these benefits more efficiently than by the extremely difficult talk of planting trees initially Arid areas. In fact, planting the Cactus ultimately allows trees to flourish more quickly. Cactus' period to maturity is much shorter and thus benefits the people by producing fruit, vegetables, flour, fertilizer, animal feed, biomass, biofuel, etc.
LATINCHOICE has been selected for its stellar business development and government relations experience and its network of key partners throughout Europe. Located in Lisbon, Portugal, LATINCHOICE will be responsible for government relations, farmer participation and the application and administration of carbon tax credits.
About ITOCO Inc.
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 14-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.
CONTACT:
Michael Paul, C.E.T.
President & CEO
ITOCO INC
ir@itoco.net
+1-800-805-1521
www.itoco.net
SOURCE: ITOCO Inc.
View source version on accesswire.com:
https://www.accesswire.com/673637/ITOCO-Launches-Its-Nopal-Cactus-Carbon-Capture-Program-in-Portugal-Through-a-Joint-Venture-with-LATINCHOICE-UNIPESSOAL-LDA
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
MicroVision and LAKE FUSION Technologies Sign Multi-Year Strategic Partnership Agreement for IRIS(TM) Lidar Sensors5.11.2026 15:20:00 CET | Press release
ORLANDO, FL AND MARKDORF, GERMANY / ACCESS Newswire / November 5, 2026 / MicroVision, Inc. (NASDAQ:MVIS), a leader in advanced perception solutions for industrial, security and defense, intelligent infrastructure, and automotive mobility, today announced a multi-year strategic partnership agreement with LAKE FUSION Technologies (LFT), a German developer of advanced sensor fusion and situational awareness systems. Under the agreement, LFT has committed to purchasing MicroVision IRIS™ long-range lidar sensors throughout 2027 and into 2028 for integration into its Awareness Systems (AS-1), designed to enhance safety and obstacle detection for civil and military helicopter operations. The multi-year agreement marks another significant commercial milestone following the companies' June 2026 announcement to expedite the integration of IRIS lidar technology and accelerate the deployment of advanced situational awareness solutions. With testing and evaluation progressing into a formal strategi
Chervon Names Doug Palmer Vice President of Finance - Canada5.11.2026 15:00:00 CET | Press release
TORONTO, ON / ACCESS Newswire / November 5, 2026 / Effective November 9, 2026, Chervon names Doug Palmer Vice President of Finance - Canada, reporting to Neil Harrison, Vice President and Managing Director of Chervon Canada. He will also have a dotted-line reporting relationship to Ryan Wang, Chief Financial Officer, Chervon NA. Palmer brings to Chervon an exceptional 20-year career of increasingly responsible positions in Canadian financial management. During his 18-year career at J.M. Smucker, he held financial management positions as Analyst, Senior Manager, Director, and Senior Director, responsible for all elements of financial control and FP&A. Most recently, he served as Vice President of Finance at the Crump Group. "We have identified Canada as a strategic priority for Chervon with massive growth potential," said Joe Galli, Chervon CEO. "We are building the best leadership team in the Power Tool and OPE industry in Canada. Doug Palmer is an outstanding addition to this high-per
New EuroFinance Study, Sponsored by TIS, Puts Treasury at the Center of Cybersecurity5.11.2026 15:00:00 CET | Press release
BERLIN, DE / ACCESS Newswire / November 5, 2026 / New Deep Dive research, Cyber Risk Management: No Longer Just an IT Problem, finds that cyber risk is increasingly disrupting payments, liquidity management, and business continuity. Sponsored by TIS, a global leader in payments and cash management technology, the new report extracts insights from treasury and cybersecurity professionals across housing, commodities, manufacturing, consumer goods, and telecommunications who agree that cybersecurity is a growing treasury and liquidity risk. Why Treasury Is at the Center of Cyber Risk The ongoing digitization of the treasury ecosystem through APIs, cloud platforms, and automation has increased the speed and efficiency of treasury operations. While treasury teams are moving faster, their exposure to sophisticated cyber threats, including deepfake videos, fraudulent invoices, and manipulating approvals through compromised digital channels, has expanded in proportion. These threats most frequ
Polaris Renewable Energy Announces Q3 2026 Results5.11.2026 14:25:00 CET | Press release
TORONTO, ON / ACCESS Newswire / November 5, 2026 / Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris Renewable Energy" or the "Company"), is pleased to report its financial and operating results for the three and nine months ended September 30, 2026. This earnings release should be read in conjunction with the Company's consolidated financial statements and management's discussion and analysis, which are available on the Company's website at www.PolarisREI.com and have been posted on SEDAR+ at www.sedarplus.ca. The dollar figures below are denominated in US Dollars unless noted otherwise. HIGHLIGHTSThird quarter consolidated energy production totaled 175,791 MWh, a 3% decrease from 181,235 MWh in the same quarter last year. The decrease primarily reflected lower generation in the Dominican Republic and the Company's hydroelectric facilities in Peru and Ecuador, partially offset by stronger wind generation in Puerto Rico.The Company generated $19,005 in revenue from energy sales for the
Polaris Renewable Energy Declares Quarterly Dividend5.11.2026 14:20:00 CET | Press release
TORONTO, ON / ACCESS Newswire / November 5, 2026 / Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris Renewable Energy" or the "Company"), is pleased to announce that its board of directors has declared a quarterly dividend of US$0.15 per common share outstanding. This dividend will be paid on November 20th, 2026, to shareholders of record at the close of business on November 12th, 2026. The dividend is an "eligible dividend" as designated for Canadian federal, provincial, and territorial income tax purposes. The board of directors of Polaris Renewable Energy remains committed to paying a quarterly dividend and will evaluate further dividend increases, as appropriate, going forward. About Polaris Renewable Energy Inc. Polaris Renewable Energy Inc. is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America and the Caribbean. We are a high-performing and financially sound contributor to the energy transition.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom