RCS - BlueGrace Energy - BLUEGRACE ENERGY BOLIVIA Announces Partnerships

Banco de Sabadell SAAnnouncement

15/01/2024 08:15

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RNS Number : 6093Z  BlueGrace Energy Bolivia Ltd.  15 January 2024

APRISCO ENERGY INDUSTRIES Joins Forces with MAXIMANCE 2030 LTD and BLUEGRACE
ENERGY BOLIVIA in a Cooperation Agreement for REDD+ Initiatives

BARCELONA, SPAIN / ACCESSWIRE / January 15, 2024 / APRISCO ENERGY INDUSTRIES
S.L. (https://pr.report/RjXI8rwe) , a Spain-based company dedicated to a fair
and sustainable energy transition, has joined forces with BLUEGRACE ENERGY
BOLIVIA SRL and MAXIMANCE 2030 LTD (https://pr.report/Al-kxzMV) . This
groundbreaking initiative is poised to significantly contribute to sustainable
development goals set for 2030.

In a move to enhance those tools used to reduce emissions from deforestation
and forest degradation, a significant collaboration has been announced by
Julio Jose Montenegro, the CEO of BlueGrace Energy Bolivia (BGEB)
(https://pr.report/nKL8gPSM) . This partnership, involving APRISCO ENERGY
INDUSTRIES S.L., MAXIMANCE 2030 LTD, and BGEB, focuses on the issuance of
voluntary carbon credits, which are crucial for CO2 capture and the fight
against climate change effects.

In December 2023, BlueGrace Energy Bolivia, in partnership with MAXIMANCE 2030
LTD, secured approval for ISIN UK.BG.MAX 785.985257
(https://pr.report/p0Nkux2s) . This authorization facilitates the support of
the Landmark Forest Conservation Project through equities, with a tenure of 10
years.

This cooperative effort is in line with several global environmental
commitments. These include the Escazú Agreement, the Paris Agreement, and the
UN Economic Commission for Latin America and the Caribbean's (ECLAC)
(https://pr.report/kh8f2WZJ) agreement on climate change and fair transition,
as confirmed at the COP28 in Dubai at the end of 2023. The agreement
underscores the importance of sustainable forest practices and supports
countries implementing them through international financial incentives.

APRISCO ENERGY INDUSTRIES S.L., in collaboration with key strategic partners
like Catalana de Biogás Ibérica (https://pr.report/vTKzR6el) (supported by
Sinia Renovables (https://pr.report/nTrRQoI9) of Banco Sabadell Group),
Catalana de Renovables alongside the Soriguè Group
(https://pr.report/zA1Ycm8i) , and the "TESLA GROUP
(https://pr.report/BZQSFVoa) " from the Czech Republic, is embarking on a
series of initiatives to enhance renewable energy development. These
initiatives include:

1.   Prioritizing investments in electricity generation from a variety of
renewable sources, tailored to the specific potential and opportunities of
each country.

2.   Stimulating the growth of the renewable energy sector and the broader
productive sector. This includes promoting the use of sustainable hydrogen for
decarbonization in transportation and industry, enhancing competitiveness, and
supporting export activities.

3.   Enhancing energy efficiency across various sectors.

4.   Advancing the development and implementation of energy storage
solutions.

5.   Organizing campaigns and discussions to raise awareness about the
social, environmental, and economic implications of different energy
transition scenarios.

6.   Encouraging the recognition and appropriate commercial treatment of
biodiversity credits, highlighting their importance in environmental
preservation.

7.   Providing financial assistance for the restoration and recovery of
ecosystems and natural biomes. This recognizes the vital role of protected
forest areas, such as "Gran Chaco - Bolivia," in CO2 capture and climate
change mitigation.

8.   Acknowledging the significant contribution of BLUEGRACE ENERGY BOLIVIA
SRL's protected forest capital in "Gran Chaco - Bolivia." This area is a key
biome on the continent, playing a crucial role in CO2 sequestration and
helping to counteract climate change effects.

The cooperative agreement aims to tackle climate change by focusing on green
energy and energy transition, aligning with REDD+ tools for combating
deforestation and enhancing forest conservation and carbon reserves. This
strategy, reflecting Bluegrace's commitment, supports the UN's Sustainable
Development Goals and the 2030 Agenda.

BlueGrace Energy Bolivia (BGEB) exemplifies corporate responsibility in
environmental sustainability, aligning with over 90% of the UN Sustainable
Development Goals. This marks a significant step in BGEB's global market
expansion and investment in impactful projects.

Mr. Montenegro indicated that BGEB's dedication to sustainability is evident
in its commitment to conserving 20.5 million acres of the Amazon Rainforest
and aligning with the UN's Global Compact. Utilizing advanced technology for
carbon credit quantification, this initiative significantly contributes to
global climate goals.

The global carbon credits market, expected to reach $100 billion by 2030,
highlights the importance of BGEB's project. This initiative, crucial for
limiting global warming, represents a synergy of financial investment and
environmental action, positioning BGEB as a leader in sustainable innovation.

BGEB's partnerships extend beyond environmental goals, forming strategic
alliances with influential entities such as the Capital Market Association
(ICMA) (https://pr.report/5ONR1w-d) , the Economic Commission for Latin
America and the Caribbean (ECLAC) (https://pr.report/nQbACS4H) , and the
United Nations Global Compact (https://pr.report/oY8ntLic) . These
collaborations are focused on empowering indigenous and impoverished
communities through comprehensive social initiatives and sustainability,
guided towards universally accepted principles in human rights, labor,
environment, and anti-corruption. By enhancing access to education,
healthcare, and infrastructure, BGEB is committed to fostering community
development alongside its environmental efforts. This integrated approach,
which marries environmental conservation with the transition to clean energy
and community empowerment, establishes BGEB as a frontrunner in both
ecological preservation and clean energy innovation within Bolivia which
underscore the ongoing importance of the partnership as it strives towards a
sustainable and carbon-neutral future, serving as a compelling example of what
collective action and innovation can accomplish.

BGEB's journey inspires us all to take action, as together, we can address
climate change and protect our planet for future generations.

About BlueGrace Energy Bolivia:

BlueGrace Energy Bolivia (BGEB), a global consortium of experts in diverse
areas, is committed to advancing the transition to a net-zero future in
response to climate change challenges. Boasting decades of experience, our
team is pioneering 21st-century energy transition projects. Grounded in
professional expertise and unwavering integrity, we aim to create genuine
value for business and society Learn more at https://bluegracebolivia.com/
(https://pr.report/0HGy-pXE) .

For further information, please contact:

JULIO JOSE MONTENEGRO
jmontenegro@bluegracebolivia.com (mailto:jmontenegro@bluegracebolivia.com)

+1 (305) 972-6173 (Miami - EE.UU.)

NELSON PINEDA MARTINEZ
nelopineda@bluegracebolivia.com (mailto:nelopineda@bluegracebolivia.com)

+591 714-72257 (Bolivia)

For all media inquiries, please contact:

Ivan Linde
ivan.linde@bluegracebolivia.com (mailto:ivan.linde@bluegracebolivia.com)

+1 (786) 273-7068 (Miami - EE.UU.)

Disclaimer

This announcement is solely for informational use and should not be viewed as
financial, legal, or investment guidance. It includes projections and
statements that aren't based on past events. Any statement in this release
that isn't a historical fact is a projection. Readers should be aware that the
basis for these projections might be incorrect and are advised not to rely
solely on them. Any projections in this announcement come with a warning. They
are current as of the release date, and the Company has no plans to update
them, except as mandated by securities regulations.

SOURCE: BlueGrace Energy Bolivia Ltd.

 

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