Toronto based CO2 GRO is pleased to announce that it has entered into a renewable one-year memorandum of Understanding ("MOU") with Malaysia's CH Green Sdn. Bhd. ("CH Green"). Under the terms of the MOU, the parties have agreed to enter into a long-term Sales & Marketing agreement providing CH Green with exclusive use of CO2 Delivery Solutions" for the Malaysia market. In addition to the MOU, CH Green has agreed to a commercial feasibility to evaluate CO2 Delivery Solutions" on various food plants at a demonstration greenhouse in Malaysia. This is GROW's first commercial feasibility in Southeast Asia. The commercial feasibility will also be used as a demonstration site to showcase CO2 Delivery Solutions" to potential greenhouse grower customers in Malaysia.
The Malaysian Greenhouse Market
The Malaysian greenhouse market, which includes protected grow structures such as hoop houses, shade houses, net houses and tunnel grows, is approximately 8,000 hectares dedicated to growing mostly fruits & vegetables and floriculture. Based mostly in the Cameron Highlands, protected grows include the cultivation of tomatoes, leafy vegetables, flowers such as orchids, roses, chrysanthemums and carnations, mainly for export. Malaysia 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.
According to Lee Kaw Ang, CEO of CH Green "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. 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."
Aaron Archibald, VP Sales and Strategic Alliances commented "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. 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."
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