Country’s No. 1 forest carbon project developer now has secured contracts for two million carbon offsets, valued at $12 million
WAYNE, Pa. — (BUSINESS WIRE) — August 4, 2010 — The Climate Action Reserve (CAR) has listed five Finite Carbon Corporation Improved Forest Management projects developed with Milliken Forestry Company for four South Carolina properties under CAR’s Forest Project Protocol.
Together, these projects are expected to generate nearly 750,000 million carbon offsets during the first 10 years, which, at current carbon prices, would bring the landowners almost $4.5 million in additional revenue.
Finite Carbon is the country’s No. 1 forest carbon developer, providing landowners with a single-source, end-to-end solution to create and monetize carbon offsets; it is developing the five South Carolina projects for privately owned tracts in Allendale, Colleton, Georgetown, and Richland counties, in the southern part of the state.
All five projects are under development on forest lands of clients of Milliken Forestry Company, a leading regional land management specialist that provides long-term forest management consulting and services for more than 600,000 acres in South Carolina, North Carolina and Georgia.
“Milliken Forestry Company has greatly benefited from the knowledge and expertise that Finite Carbon brings to the table,” said Milliken Consulting Forester Thurston “Trip” Chavis. “With a highly qualified team and an extensive background in the forest carbon field, they have assisted us in providing a service to our clients that would otherwise be unapproachable.”
Collaborating with Finite Carbon, Milliken’s certified foresters will deliver geographic information system (GIS) and field services for the five projects, including mapping, inventory design and implementation, and other support roles, as needed.
Following are brief descriptions of the projects:
To date, Finite Carbon projects comprise 2 million carbon offsets
“In recent months we’ve experienced a quickened pace in the number of forest landowners seeking to participate in the carbon market, which can provide them with a new income stream for keeping forest carbon sequestered,” said Finite Carbon President Scott Nissenbaum. “The combination of our experienced team of forestry and financial experts and our unique model that shifts the risk from landowners to Finite Carbon continues to gain traction with both owners and consulting foresters.”
Nissenbaum noted that in less than a year and a half since Finite Carbon began operation, the company has evaluated more than 2.5 million acres of forest land in the United States and signed contracts for two million carbon offsets, valued at $12 million, at current carbon prices.
About Finite Carbon Corporation
Forestry and finance experts established Finite Carbon in 2009 to facilitate U.S. landowners’ participation in carbon offset markets. The company, which is solely focused on forest carbon and offers the most comprehensive forest carbon project development and commercialization service in the country, provides a single-source, end-to-end solution that includes all the in-house expertise and capital needed to take a landowner from a forest carbon inventory to selling offsets. The company is headquartered in Wayne, Pa., and has offices in San Francisco, Calif., and Cherry Creek, N.Y. For more information, please visit www.finitecarbon.com
Note: Finite Carbon is a trademark of Finite Carbon Corporation. The
names of other actual companies, organizations and/or products/services
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