Noco-Noco Collaborates With Binex To Develop Agriculture Based, Soil Sequestered Carbon Into Credits
Portfolio Pulse from Benzinga Newsdesk
noco-noco Inc. (NASDAQ:NCNC) has signed a Memorandum of Understanding with Binex Inc. Tokyo to develop agriculture-based carbon credits, leveraging sorghum cultivation for biofuel production and soil carbon sequestration. This collaboration aims to support climate action initiatives and aligns with United Nations ESG goals. noco-noco's involvement extends beyond its X-SEPA technology for lithium-ion batteries, indicating a diversification into sustainable agriculture practices.
April 24, 2024 | 1:20 pm
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noco-noco Inc. partners with Binex to develop agriculture-based carbon credits, aiming to diversify its climate action initiatives beyond its X-SEPA technology.
The partnership with Binex to develop agriculture-based carbon credits represents a strategic move for noco-noco to diversify its portfolio and enhance its commitment to climate action. This initiative, which aligns with global ESG goals, could positively impact noco-noco's brand perception and open up new revenue streams in the carbon credit market. Given the increasing focus on sustainable practices and carbon neutrality, this collaboration could lead to increased investor interest and potentially boost NCNC's stock price in the short term.
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