The Riwyn Project was brought to UCMI to determine if it was feasible to sell carbon credit offsets created by the process of farming using “ No Till” sustainable techniques. Research done by UCMI confirmed that there is a market for carbon credit offsets that are created by “ No Till” sustainable farming as there were already exchanges that featured these type of carbon credit offsets and the accepted scientific formula determined that each acre of “ No Till” prevented one ton of CO2 being released into the atmosphere.
The Riwyn Project is based in Northwest Africa and is a multi-faceted endeavour which has a number of phases beginning with the certification and approval of the State government. In addition, the landowners have also agreed to abide by the UN Sustainability Agenda.
Large infrastructure startup costs which include some creation of CO2 released into the atmosphere in the initial construction phase and can qualify for Carbon Credit Offsets upon becoming operational.
Projects that additionally include in their operations anti-pollution measures.
Significant projects without massive infrastructure cost or buildout. These projects achieve a minimum of eight of the UN Sustainability Agenda goals. Project elements could also apply to ESG (environmental, social and governance) and EIG (entrepreneurship, innovation and growth) criteria. Annual monitoring and reporting by UCMI of ULTRAGREEN™ designated projects to satisfy carbon credit offset purchasers is included.
After an internal review UCMI has designated the Riwyn Project as Ultragreen™.
Upon sales of the credits Riwyn Project will begin phase one which will incorporate the “ No Till” sustainable farming methods and begin the process of creating food and energy security for the landowners. Phase one of the project will be setting up the first farm of 20,000 acres. The farm will be split into two sections. 10,000 acres will be growing grasses which will be used to feed the anaerobic digesters that will produce biogas. The other 10,000 acres will grow cash crops for domestic consumption and for export. The biogas produced will be used in combination with a wind turbine to produce continuous low cost energy that will be used to power refrigerated warehouses to store the harvested crops.
The business model is designed to divide the land into 20,000 acre farms set up as Limited Partnerships (LP). Each farm will produce biogas and cash crops. Each landowner will be a Limited Partner and will be eligible for a pro rata share of the profits. The Northwest African farm that is doing the land aggregating will act as the Managing Partner for each farm.