February 3, 2016
On behalf of the The Molpus Woodlands Group, LLC (Molpus), forest carbon offset developer Finite Carbon successfully registered the MWF Brimstone (“Little Brimstone”) Improved Forest Management Project with the California Air Resources Board (ARB) compliance offset protocol for US forests on October 27, 2015. The Little Brimstone Project is the first ARB forest offset project registered in the state of Tennessee.
Located on 4,861 acres in Tennessee’s North Cumberland Plateau, Finite Carbon, in concert with Molpus, managed all aspects of project development and provided transaction and sales support for Little Brimstone Project. “Molpus Woodlands Group is a venerable timberland manager and we are proud to help Molpus integrate carbon revenue into their forest management strategies and investment portfolio,” said Finite Carbon President Sean Carney. While Little Brimstone is the first project registered under Molpus management, in December 2014, Molpus, on behalf of a client, purchased the Champion property in the New York Adirondack Mountains, which has a 103,000 acre ARB forest offset project registered under the previous owner that was also developed by Finite Carbon.
“We’re pleased to now have two forest carbon projects under management,” said Dick Molpus, President of Molpus. “The California carbon market provided us with a unique opportunity to utilize existing sustainable practices to enhance the value on managed properties. We will continue to evaluate additional carbon opportunities as they align with our client’s objectives.”
Located northwest of Knoxville in Scott County, the Little Brimstone property offers both geographic and hardwood species diversity within Molpus’ third co-mingled investment fund. Molpus currently manages over 101,000 acres in Tennessee and 2 million acres across eighteen states. The Little Brimstone property is protected under a conservation easement held by the state of Tennessee and is certified under the Forest Stewardship Council standard.
In addition to the Little Brimstone Project, Finite Carbon is now completing its second ARB compliance offset project in Tennessee for the Tennessee River Gorge Trust in Chattanooga. To date, Finite Carbon has registered eight California ARB compliance forest offset projects and has another 21 under development for a diverse group industrial, investment, conservation, family, and tribal landowners.
About Finite Carbon Corporation
With 29 California compliance projects under development on over 1.6 million acres of US forestlands, Finite Carbon is America’s leading developer and supplier of forest carbon offsets. Finite Carbon’s in-house team of forest carbon experts offers a single-source solution for creating and monetizing carbon offsets and the most comprehensive forest carbon project development and commercialization service in the US. Finite Carbon’s clients include TIMOs, REITs, Native American tribes, corporate and private family owners, land trusts, and other non-profits. To date, Finite Carbon has transacted 4.3 million California compliance forest offsets and its project portfolio exceeds 20 million compliance forest offsets through 2020. Headquartered in Philadelphia, PA and with offices in the US West, Southeast, and Northeast, Finite Carbon is led by a team of six professional foresters with deep experience in offset protocol design, forest inventory, management, growth and yield modeling, project verification, offset transactions, forest certification, and working forest conservation easements.
About Molpus Woodlands Group
The Molpus Woodlands Group, LLC, a Registered Investment Advisor, was founded in 1996 as a Timber Investment Management Organization (TIMO) and has a company legacy dating to 1905. With its sister operating company, Molpus Timberlands Management, LLC (collectively, Molpus), Molpus is one of the oldest timber-related companies in the nation, with experience in all facets of timber management, manufacturing, and marketing. Molpus is one of the few TIMOs that have all of their core businesses and forestry functions handled or supervised by in-house experts. Molpus acquires, manages, and sells timberland as an investment vehicle for pension funds, college endowments, foundations, insurance companies, and high-net-worth individual investors. The company focuses on ensuring long-term optimal cash returns on investments while practicing responsible forest stewardship. Molpus currently manages approximately 2 million acres of timberland investments located in eighteen states. Nothing herein constitutes an offer to sell or a solicitation of an offer to subscribe for or buy any security with respect to any fund.
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