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Areca Palm also known as golden cane palm, cane palm, yellow butterfly palm, bamboo palm and Madagascar palm. Areca palm takes carbon dioxide and turns it back into oxygen. In addition to producing oxygen and lowering carbon dioxide levels, it also removes certain pollutants from the air helping to produce clean indoor fresh air. An attractive species that prides itself in improving the home or office decor and makes a great focal point for large rooms, reception areas and conservatories.