NLgroen has entered into a collaboration with BambooLogic. This collaboration marks the next step in trading credentials in The Netherlands that arise from bamboo cultivation.
"BambooLogic invests in the scale-up of bamboo cultivation; we aid this by selling carbon removal credits for them," says Nick Waltmans, director of NLgroen. BambooLogic, located in Nijmegen, contributes this way to the European climate goals and brings the fastest-growing renewable resource to Europe as an agricultural crop. After having developed the first bamboo fields in Portugal, they are now looking at multiple European countries as potential agriculture locations for bamboo cultivation and chain partners in its processing.
NLgroen was founded in 2015 and is since 2021 a joint activity of LTO Bedrijven and Waltmans. The trading platform mediates between generators and consumers of credentials such as GVOs, CvOs, and carbon credits. Nick: "We connect generators of sustainable energy and carbon farmers to entrepreneurs that aim to make their energy consumption more sustainable. In collaboration with BambooLogic, we trade these credits nationally and abroad. With that revenue, bamboo cultivation in Europe can be accelerated." Besides trading carbon credits for bamboo, NLgroen is also experienced with agricultural crops such as elephant grass.
"Next to trading carbon removal credits, we will also help BambooLogic in finding locations for cultivation in The Netherlands. We have insight in and contact with the Dutch agricultural industry and are going to collaborate with interested farmers." NLgroen expects that by connecting buyers to projects of BambooLogics, they can provide added value to both sides in stimulating CO2 recording through bamboo cultivation.
Bamboo is a fast-growing crop that absorbs lots of CO2. When matured, the plant remains available for 80 to 120 years of the yearly harvest. The availability of local biomass is currently lacking in Europe. The processing industry of bamboo, however, is already present, also in The Netherlands. The crop is being used in over 10.000 product applications, from food to textile to composite and biobased construction materials.