VANCOUVER, Feb. 18, 2013 /CNW/ - Crimson Bioenergy Ltd. announces the
resignation of Gee Ming Chiang as director to pursue other interests. The
Company thanks Mr. Chiang for his service and contributions.
About Crimson Bioenergy Ltd.
Crimson has extensive management expertise in the areas of forest management,
forest ecosystem restoration, energy crops and greenhouse gas offsets. Crimson
has developed a fibre-supply strategy to plant under-utilized agricultural
lands for the expanding biomass energy market that can also integrate carbon
credits as those markets emerge. The company will derive revenue from two
types of projects. First, Crimson can develop short rotation, high density
hybrid poplar plantations, called "Energy Crops", with a 4-year growth cycle.
This type of plantation offers a low-cost, long-term supply of wood chips.
Second, Crimson can develop longer-term wood fibre/carbon credit plantations
that meet the terms of "Afforestation" under forest carbon offset programs.
The carbon credit value of such projects in emerging markets can provide a
positive revenue stream at an early stage. Crimson has successfully completed
its first Afforestation project in northern British Columbia with ERA Carbon
Offsets Ltd., a reporting issuer on the TSX Venture exchange.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Further information on Crimson is available at www.sedar.com.
Crimson Bioenergy Ltd. Mr. Garry Renwick, Chief Financial Officer Phone:
SOURCE: Crimson Bioenergy Ltd.
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CO: Crimson Bioenergy Ltd.
ST: British Columbia
NI: 2575 WNEWS
-0- Feb/18/2013 23:10 GMT
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