CO2 GRO Inc (CVE:GROW) (OTCQB:BLONF) (FRA:4021) reported that it has entered into a renewable one-year Memorandum of Understanding (MOU) with Malaysia's CH Green Sdn. Bhd. (CH Green), in which CH Green will have exclusive use of the company’s CO2 Delivery Solutions for the Malaysia market.
CH Green has also agreed to a commercial feasibility to evaluate CO2 Delivery Solutions on various food plants at a demonstration greenhouse in Malaysia.
CO2 GRO noted that the MOU marks its first commercial feasibility in Southeast Asia and it is expected to showcase CO2 Delivery Solutions to potential greenhouse grower customers in Malaysia.
“The MOU and commercial feasibility with CH Green is another example of CO2 GRO's increasing international reach. As with our other international partners, CH Green has the necessary engineering and regional agricultural background and network to secure and support protected grow facility customers and install our CO2 Delivery Solutions technology in Malaysia,” CO2 GRO Vice President of Sales and Strategic Alliances Aaron Archibald said in a statement.
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He added: “Their greenhouse is an ideal site to begin showcasing the power of our technology to enhance plant yields. We look forward to a successful commercial feasibility and working with CH Green to roll out our CO2 Delivery Solutions systems to the Malaysian greenhouse market.”
CH Green CEO Lee Kaw Ang also weighed in on the MOU, stating: “We approached GROW in Q4 of 2020 due to our increasing involvement in Malaysian biogas projects using organic food waste and other complimentary sustainability projects we are pursuing. We were searching for CO2 enrichment technologies to complement our offerings to greenhouses and other protected agriculture.”
He added: “We have the technical knowledge and practical experience to successfully offer GROW's innovative CO2 Delivery Solutions to Malaysian greenhouse growers and upon commercial feasibility success, our team of professionals will work on an integrated plan with GROW to roll out CO2 Delivery Solutions in Malaysia.”
The Malaysian greenhouse market consists of approximately 8,000 hectares of protected grow structures.
The country has adopted an Agro-Food Policy update for 2021-2030 to become more food self-sufficient that has a variety of support programs for protected growers.
CO2 Delivery Solutions offers greenhouses the ability to supplement their plants with CO2 consistently throughout the year without emitting CO2 gas to the atmosphere and using up to 95% less CO2 through aqueous CO2 misting.
Contact Sean at sean@proactiveinvestors.com