THANH HÓA — Lam Sơn Sugar Cane Joint Stock Corporation (Lasuco) and two Japanese companies - Idemitsu Kosan Co Ltd and Sagri Co Ltd - signed an agreement to jointly implement a project to generate carbon credits from sugarcane fields in Thanh Hóa Province.

The project aims to promote environmentally regenerative agriculture in sugarcane fields cultivated by Lasuco's contract farmers by applying Sagri's satellite analysis technology which monitors and reduces Greenhouse Gases such as nitrous oxide with the aim of registering carbon credits.

The demonstration project will commence in 2025 with a view to commercialisation in 2026.

In the demonstration, monitoring by using Sagri's satellite analysis technology will be applied to approximately 500 hectares of farmland operated by Lasuco's contract farmers to practice environmentally regenerative agriculture. Sagri’s satellite analysis technology monitors soil conditions and crop growth on farmland based on satellite data.

Satellite analysis technology optimises fertiliser use, reduces greenhouse gas emissions, boosts soil carbon storage, enhances efficiency, and supports carbon credit registration.

The area of farmland covered by the project will be expanded to approximately 8,000 hectares. The project will also aim to register carbon credits using Verra’s VM0042 methodology for improving farmland management. If the project is certified and registered by Verra, it will be the first project in Việt Nam to be registered under VM0042 applying this methodology. — VNS