RCS - Woodbois Limited - Woodbois partners with World Forest ID

WoodboisAnnouncement

16/05/2022 07:00

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RNS Number : 5269L  Woodbois Limited  16 May 2022

16 May 2022

Woodbois Limited

("Woodbois", the "Group" or the "Company")

 

Woodbois partners with World Forest ID

 

Woodbois Limited (AIM: WBI), the African focused forestry, timber trading,
reforestation and voluntary carbon credit company, is pleased to announce a
new partnership with World Forest ID, which will enhance the traceability and
identification of timber, originating from the company's forest concessions in
Gabon.

 

World Forest ID is an international organisation which is revolutionizing the
protection of forests through the application of science-based origin tracing
and species identification. World Forest ID is building an extensive global
library of reference samples, from various forest regions, for use in cross
verification.

 

Woodbois Limited is supporting World Forest ID's mission in Gabon by
coordinating the collection of samples from within its concession areas. World
Forest ID's science-based analyses provide irrefutable verification of species
identification and origin, meaning Woodbois Limited will be able to provide
proof that wood originates from its concessions, as well as confirmation of
botanical species.

 

CEO, Paul Dolan, said:

 

This partnership with World Forest ID represents a critical building block in
the Woodbois suite of services for the sustainable management of Africa's
forests.

We will continue to dedicate time and resources to the research and engagement
of best in class partners to enable us to scale our sustainable forestry
operations and carbon projects in Africa.

 

 

Enquiries:

 

 Woodbois Limited

 Paul Dolan - CEO                                  + 44 (0)20 7099 1940

 Canaccord Genuity (Nominated Advisor and Broker)  + 44 (0)20 7523 8000

 Henry Fitzgerald-O'Connor

 James Asensio

 Gordon Hamilton

 

 

Background on Woodbois

 

Woodbois Limited (AIM:WBI) is an African-focused forestry company, divided
into three distinct, but highly complementary divisions comprising the
production and supply of sustainable African hardwood products, the trading of
hardwood and hardwood products, and a reforestation and carbon credit
division.

 

Woodbois' forestry division has production facilities in Gabon and Mozambique,
managing a total of c470,000 hectares of natural forest concessions. The
trading division comprises a highly experienced team of timber specialists,
who source and supply sustainable timber to a global customer base. Its
proprietary technology developed in house, captures, stores and presents data,
providing a matching engine to build scale and optimise trading opportunities
with its global customer base.

 

The Company's carbon sequestration and trading division was formed in March
2021 and aims to generate voluntary carbon credits for corporate partners
through the delivery of large-scale reforestation projects.

 

The Company's focus on the transparency and sustainability of its timber
operations has been recognised by The Zoological Society of London, which
ranked Woodbois joint sixth in its Sustainability Policy Transparency Toolkit
('SPOTT'') ESG policy transparency assessments for the worldwide timber and
pulp industries for 2021.

 

Please follow the Company on Twitter: @WoodboisLtd

 

 

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