March 11, 2010 (FinancialWire) — Carbon Friendly Solutions Inc. (TSX Venture: CFQ) said it received TSX Venture Exchange approval for its recently formed Pacific Briquetters Inc. and its proposed business structure and issue of share purchase warrants resulting from the same.

PBI said it will own, finance, develop and operate a briquette and biomass energy manufacturing and distribution facility to be operated on premises located in Mission, British Columbia, which are owned and operated by 0733403 B.C. Ltd., an affiliate of The Clarke Group, which is a 25% shareholder in PBI.

TCG is a third generation, family owned group of cedar shake and building product companies with operations in BC, Washington and Oregon.

PBI plans to develop and sell biomass energy fuel products to industrial buyers in the initial years. The starting product line will focus on production of biomass energy briquettes from residual fibre obtained from TCG’s existing operations, local suppliers and wood waste materials obtained from its current wood waste and recycling permit application.

The briquettes are expected by Carbon Friendly to be utilized by industrial users with combined heat and power boiler systems.

Carbon Friendly said that PBI plans to start production in 2010 at around 20,000 tons of briquettes annually with an emphasis on expanding operations over time. It said the company’s initial focus is to sell to the highest priced sustainable market.

PBI said it is currently in negotiations with several potential buyers in Europe, the United Kingdom, the United States and Asia for its proposed briquette product.

Canada-based Carbon Friendly Solutions is a project proponent that provides solutions for companies, organizations and individuals looking to reduce or offset their global warming impact caused by greenhouse gas emissions while including the generation of carbon credits for sale in the global Voluntary and Compliance markets.

Through its wholly owned subsidiaries, Global CO2 Reduction Inc. and CO2 Reduction Poland Sp. z o.o., CFS is focusing on removing and offsetting carbon dioxide emissions from the completion of reforestation, biomass energy and renewable energy technology projects that are independently validated and verified to globally recognized standards and methodologies.

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