Karbon-X and Laconic Sign Letter of Intent to Develop Innovative Biochar Verification Methodology
Retrieved on:
Monday, August 14, 2023
CALGARY, AB and CHICAGO, Aug. 14, 2023 /PRNewswire/ -- Karbon-X, a pioneering organization committed to addressing climate change at the local level and Laconic Infrastructure Partners Inc. (Laconic), a leading global provider of environmental intelligence services, have signed a Letter of Intent (LOI) to develop a cutting-edge Biochar Verification Methodology. The novel methodology aims to ensure the accuracy and transparency of Karbon-X's reforestation project in the Chiquitania Region of Bolivia, and subsequently, it will be applied to verify other Biochar projects worldwide.
Key Points:
- Under this agreement, Karbon-X will hold a 65% ownership stake in the developed methodology, while Laconic will own the remaining 35%.
- Collaborating with Laconic and building out this methodology, we can achieve just that," said Chad Clovis, CEO of Karbon-X.
- The Biochar Verification Methodology will leverage Laconic's advanced SADAR™ geospatial informatics platform to enhance the accuracy and efficiency of data collection and analysis.
- "Leveraging our unique SADAR™ Environmental Intelligence platform to develop the Karbon-X Biochar Verification Methodology will provide the much-needed data accuracy and verification from our highest data pedigree standards," said Andrew Gilmour, Co-founder and CEO, Laconic.