China Carbon Neutral Enters Salt-Alkali Land Cooperation Deal

MT Newswires Live

May 23

Carbon asset manager China Carbon Neutral Development (HKG:1372) entered a strategic cooperation framework agreement with China Agriculture Sea Rice (Shenzhen) Biotechnology for saline-alkali land management, a Friday Hong Kong bourse filing said.

Under the contract, the parties will cooperate on the ecological management of saline-alkali land, cultivation of salt-alkali tolerant crops, development of carbon sink assets, and industrial demonstration and promotion.

The companies will implement phased projects starting in 2025 with the launch of a 1 million mu of saline-alkali land improvement in core areas domestically.

In the medium to long term, the plan comprises expanding the scope of saline-alkali land utilization and carbon sink restoration projects to a total of 200 million mu domestically and on an international front.

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