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SHANGHAI, March 1, 2022 /PRNewswire/ — Caravelle, a global carbon-neutral ocean-going technology company, has signed a letter of intent with Pacifico Acquisition Corp. (NASDAQ:PAFO) on December 31, 2021EST. Caravelle will be expected to be listed on NASDAQ. At the same time, a number of private equity funds participated in PIPE.
Clearly, Caravelle is becoming the first Nasdaq stock on the high seas economic track for carbon neutral oceans.
Caravelle is a global ocean transportation technology company, and its Co-Tech solution (Carbon-neutral Ocean transportation technology) actively utilize huge idle time and space in ocean transportation. The waste heat of the tail gas in the marine shipping is recycled, and the wood drying is completed during the marine transportation, and the net zero emission of the value chain is completely realized, the reducing carbon form a large amount of carbon sinks that can be traded. It is estimated that by 2024 …
Full story available on Benzinga.com
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