EcoPlanet Bamboo Group began its operations in Nicaragua in 2010 with the establishment of a commercial bamboo nursery followed by the first purchase and development of degraded land. The company’s Forest Stewardship Council-certified fiber will be exported to U.S. and multinational timber manfacturers for use in industries such as pulp production for textiles and paper, laminates and composites, activated carbon, and renewable energy generation.
EcoPlanet Bamboo Group’s investment into Nicaragua has already created hundreds of jobs in a region with high unemployment. The project has also restored over 8,500 acres of degraded land—improving biodiversity and reducing pressure on surrounding forests. EcoPlanet Bamboo Group has received validation of 1.5 million tons of atmospheric carbon dioxide under the Verified Carbon Standard by the Rainforest Alliance as well as its first verification of these climate change benefits.
Troy Wiseman, EcoPlanet Bamboo Group’s CEO, said, “MIGA’s backing has given us the ability and confidence to more than triple our original investment in Nicaragua and move forward with other international expansions in both Southern and West Africa.” He continued, “We’re investing very significantly on research and development as we work with our Fortune-500 clients to help them transition from timber and fiber originating from the harvesting of natural forests, to a solution that meets their technical specifications, quality, and price— so that together we can really make a dent in deforestation.”
EcoPlanet Bamboo is leading the industrialization of bamboo as a viable and environmentally attractive alternative fiber for timber manufacturing industries.