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Canopy Energies is developing a 50,000-hectare pongamia plantation in Madagascar, projected to produce 75,000 metric tons of pongamia oil annually by 2035, generating estimated revenues of $24 million. The initiative, registered under the Verified Carbon Standard, aims to yield 2.8 million carbon credits and supports sustainable aviation fuel production in light of Japan's 10% SAF mandate by 2030. The company is currently assessing options for processing oilseeds domestically or for export, with a decision expected within two years.