CHICAGO, ILLINOIS - Global Green Carbon Corporation ("Global Green Carbon", "GGC" or the "Company") announced today that it has signed a Definitive Agreement to acquire Optim Consult ("Optim"). Optim is a carbon emission reduction and carbon asset service provider for the global carbon market. Global Green Carbon is a world-wide project developer of carbon financed AFOLU (Agriculture, Forestry and Land Use) initiatives.
Evaluating the current market conditions Global Green Carbon seized the opportunity to forge ahead with the acquisition of Optim. This strategic growth maneuver has strengthened GGC's position in Latin America and provides GGC with Optim's extensive knowledge of all sectors in the global carbon emission reduction market including:
• Forestry and REDD
• Landfill gas
• Biomass to Power
• Waste water treatment
• Oil associated gas
Optims' clientele currently consists of global entities such as CEMEX, Gas Natural, Forestal Mininco, EPM, ECOPETROL and USAID to name but a few. Optim dominates the carbon arena with a portfolio of over 30 carbon emission reduction projects in both the compliance and voluntary markets generating over 6 million tCO2e.
"The acquisition of Optim provides Global Green Carbon diversification into all sectors of the carbon market," commented Christopher Werner, Chief Executive Officer of GGC. "Optim benefits from diversification into forestry and agroforestry markets with revenues beyond carbon. Our melded respective strengths provides a solid platform for growth and positions us as key players as the global carbon markets mature."
In signing the Definitive Agreement, Juan Andres Lopez, President of Optim Consult commented, "We are very optimistic about this union and in particular the ability to leverage our respective strengths in the developing US market. Our broad scope of carbon emission reduction experience and asset management and their expertise in international forestry and finance will ensure that both companies are strengthened as the markets evolve."
SOURCE: Global Green Carbon Corporation