Delta CleanTech Expects Carbon Credit Origination and Certification to Become a Substantial Segment of its Business, With Current Estimates Projecting That Demand Could Soar 15X to $50 Billion By 2030
Delta CleanTech (CSE: DELT) (OTC: DCTIF) (FRA: 66C) announced the signing of a strategic Technology Licensing Agreement with Carbon Rx to facilitate the origination, validation, and tokenization of multiple streams of voluntary and compliance carbon credits utilizing Delta’s decarbonization technology platform.
Carbon RX originates, validates fidelity, certifies, and registers voluntary carbon credits that will incorporate legacy & new industrial processes with technologies that will require Carbon RX’s carbon credit fidelity validation and tokenization platform utilizing blockchain technology.
Industries that will benefit from Carbon RX’s carbon credit technologies include CO2 capture in power generation and energy processing; CO2 capture through blue hydrogen production, cement manufacturing, methane collection and incineration, reclaiming of industrial liquids; and CO2 mitigation in agriculture and forestry.
Carbon RX, Delta’s wholly-owned subsidiary, has a rich history going back to 2006 as being Canada’s largest voluntary carbon credit originator, aggregator, and streamer through its C-Green Aggregators and Carbon Methane Management divisions.
Commenting on the Carbon Rx agreement, Delta CleanTech President Jeff Allison stated:
“Voluntary and compliance credits are quickly becoming an inevitable part of the everyday business cycle, as many companies will require voluntary and compliance carbon credits to meet their net-zero corporate objectives. We expect that carbon credit origination and certification will become a substantial business for Delta and Carbon RX. Qualified estimates show that demand could increase 15 times by 2030 to $50 billion.”
Shares of DELT stock last traded at $0.23 per share.
Delta CleanTech Inc. is a paid client of Wealthy VC.
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