Bamazon Technologies, a company that develops bamboo for use as a wood replacement, with the aim of helping halt the deforestation of the Amazon. Today, there are over 1200 species of the grass, around 40 percent of which exist in South America. "Aside from using bamboo to replace steel, wood, and cement.bamboo is one of the fastest growing organisms on earth, consuming 6 times more carbon dioxide than regular trees.