CARBONCO Signed a License Agreement with Genesis Fertilizers, marking a significant milestone in advancing Genesis Fertilizers' carbon capture project

SEOUL, South Korea, Dec. 3, 2024 /PRNewswire/ -- CARBONCO Pte. Ltd., a leading provider of decarbonization technology solutions, has officially entered into a License Agreement as the carbon capture technology licensor with Genesis Fertilizers, making a significant step toward the development of Canada's proposed first low-carbon urea nitrogen fertilizer facility. This state-of-the-art proposed project will ensure a reliable and stable supply of clean fertilizer for Genesis Fertilizers' farming partners and the broader North America agriculture industry.

The proposed facility will capture approximately 800,000 tons of CO₂ annually, eliminating 95% of the carbon emissions generated by the plant. Captured CO₂ will be delivered via pipeline in a compressed and dehydrated form to a storage hub located 10 miles from the facility for permanent sequestration. Genesis Fertilizers' production complex is set to be constructed in Belle Plaine, Saskatchewan, Canada, and is targeted to commence its commercial operations by 2029.

The License Agreement signing ceremony was held in Schofield Hall at the Embassy of Canada to Korea on November 20, 2024, at 14:00 (UTC+9). The ceremony marked the commitment of both parties to collaborate on developing the world's lowest carbon foot-print nitrogen facility, utilizing cutting-edge amine-based carbon capture technology. Distinguished attendees included Mr. Jason Mann, President and CEO of Genesis Fertilizers, Dr. Sangmin Lee, CEO of CARBONCO, and their respective teams. Notably, the ceremony was hosted by the Embassy of Canada to Korea with Ms. Tamara Mawhinney, Ambassador of Canada to Korea gracing the occasion with her presence and delivering a congratulatory speech to commemorate the license agreement.

Dr. Sangmin Lee, CEO of CARBONCO, said "CARBONCO has been collaborating with top global players on carbon capture projects. As always, CARBONCO's team will give its full commitment to realizing Genesis Fertilizers' ultimate goal. CARBONCO is confident that our efforts will bolster Genesis Fertilizers' proposed facility in achieving smooth commercialization. CARBONCO will do its best to strengthen this valuable partnership."

Mr. Jason Mann, CEO of Genesis Fertilizers, said "By capturing 95 percent of the CO₂ emissions, we plan to establish one of the world's cleanest ammonia plants powered by the Haber-Bosch process. Our unique model allows farmer-investors to pay market price for the fertilizer and benefit from year-end partnership distributions. Additionally, low carbon fertilizer could further yield premium prices for crops like wheat and corn, aligning with food companies' ESG goals. This fosters a sustainable and profitable agricultural supply chain."

About CARBONCO

CARBONCO Pte. Ltd. is a total technology provider for post combustion carbon capture and compression & dehydration. CARBONCO has been actively expanding its international business, and it successfully covers a wide range of services, from consulting service to technology licensing services and business development. CARBONCO has standardized its capability to capture carbon dioxide up to 3,000TPD per single train across various industries.

About Genesis Fertilizers

Genesis Fertilizers is proposing to finance, design and construct a new, highly efficient nitrogen fertilizer production and distribution system that serves today's modern farmer. This will be comprised of a central production facility constructed near low-cost raw materials serving a Western Canadian network of strategically located farmer-centric distribution centers. Genesis Fertilizers is a privately held limited partnership and its securities do not trade on any exchange.

Contacts
CARBONCO Pte. Ltd
Sangho Lee
+82-2-369-5812
sh@carbonco.com

Genesis Fertilizers
Breanne Baker
(587) 433-8177
bbaker@genesisfertilizers.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

CARBONCO Signed a License Agreement with Genesis Fertilizers, marking a significant milestone in advancing Genesis Fertilizers' carbon capture project

The annual meeting is returning for its second year after a successful inaugural event in 2024

TOKYO, Dec. 26, 2024 /PRNewswire/ -- Tokyo-based global media agency Pacific Bridge Media and Consulting Inc. (PBMC) is pleased to announce that the 2nd annual Japan Global Innovators' Forum (JGIF) will be held in March 2025. PBMC's solutions-focused multilingual news service J-Stories will co-host the event with the Mainichi national daily's startup accelerator, Mainichi Future Creation Lab.

Innovative Japanese and international startups with global ambitions will gather in the heart of Tokyo on March 13, showcasing the solutions they offer to address the world's biggest social and environmental challenges. A panel of industry experts will assess their growth potential both in Japan and abroad at the cross-border pitch event.

Participating startups in the 2025 event will include not only Japanese startups aiming to expand into global markets, but also ambitious inbound Asian startups that are taking on the challenge of solving some of Japan's critical problems — such as its aging population and rural depopulation.

The categories to be focused on are Age Tech, Health Tech, Mobility, and Green Energy. There will also be special sessions featuring East Asian startups as well as Japan's regional startups.

Organizers hope that the event will provide practical opportunities for participating entrepreneurs to meet potential partners and supporters in Japan and overseas, including venture capitalists and corporate venture capitalists, among other startup ecosystem players.

Details of the event will be unveiled on a special page in J-Stories by the end of January.

The inaugural Japan Global Innovators' Forum, a pioneering English-language startup event that promoted dialogue between innovators in Japan and their potential supporters overseas, was held in March of this year at the Tokyo Innovation Base in central Tokyo and live-streamed globally. The event highlighted Japan-based social entrepreneurs aiming to scale globally while offering solutions to social and environmental challenges commonly shared across the world.

Event report: https://jstories.media/article/jgif-event-release

[Event Overview]

"2nd Japan Global Innovators' Forum"

Date: Thursday, March 13, 2025

Time: 1-6 p.m. (Subject to change), followed by a networking event

Venue: Mainichi Hall (Located on a basement floor of Palaceside Building in Takebashi, Tokyo)

https://www.mai-b.co.jp/index-en.html

Language: English 

Organizers: J-Stories/Pacific Bridge Media and Consulting; Mainichi Future Creation Lab

Focus Categories (Expected) :

CONTACT:
PACIFIC BRIDGE MEDIA AND CONSULTING
Editorial department：Toshi Maeda (Executive Editor)・Takanori Isshiki (Deputy Executive Editor)・Anita De Michele (Editorial Coordinator)
Email：info@pacificbridge.jp
Phone：+81- 50-5527-0955

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Japan Global Innovators' Forum 2025