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Carbon Industries Group has signed two agreements with the Government of Senegal to enhance its position in the carbon credit market. The first, a memorandum of understanding, involves restoring approximately 79,000 acres of mangrove forests, potentially generating USD 550 million to USD 800 million in carbon credit revenues over 22 years, pending verification and market conditions.

The second agreement supports a ten-year rollout of 27,000 household biodigesters under Senegal's National Domestic Biogas Program. The government will retain a portion of emissions credits for its climate reporting, with the potential for international transfer under Article 6.2.

Senegal is actively engaging in international carbon markets and climate finance, collaborating with countries like Switzerland and Norway. If successful, these initiatives could yield over USD 500 million for Carbon Industries Group.