To halt global warming, net-zero emissions need to be achieved by mid-century. This means that any remaining emissions must be offset by carbon capture. To meet these lofty goals, some countries must remove more CO2 from the atmosphere than they emit. In the long run, the entire world will have to become net negative.
Last year, the US Department of Energy announced a five-year, $3.5 billion project to build four regional Direct Air Capture (DAC) centers in order to accelerate commercialization of technology that absorbs and permanently stores carbon dioxide from the atmosphere.
Climeworks in Switzerland and Heirloom in California have teamed up with Battelle to compete for a $500 million US grant to commercialize carbon-capture technology. A hub must expand to sequester one million tonnes of carbon dioxide every year to get $500 million.
Shawn Bennett, Battelle’s energy and resilience manager, believes that private sector effort, unprecedented federal funding and scientific validation has created a “once in a lifetime opportunity” to execute the technology. Battelle has already done extensive work with carbon capture technology, as well as managing government labs and centers.
If the hub is selected, Gulf Coast Sequestration, a geologic storage company, would permanently store captured carbon underground in southern Louisiana.
Climeworks manages Iceland’s largest DAC project, sucking up about 4,000 tonnes of CO2 per year, a drop in the bucket compared to the International Energy Agency’s estimated 36.8 billion tonnes of energy-related CO2 emissions for 2022, while Heirloom has a modest California demonstration project.
Meanwhile, other projects aiming to remove carbon on a larger scale may seek government funding.
Last year, Occidental Petroleum planned a $1.1 billion investment in a Texas Permian area oil facility to operate in 2024. A California company announced plans to develop the first large-scale DAC project in Wyoming to capture and store 5 million tonnes of CO2 per year by 2030.
By mid-century, carbon removal must be deployed at the gigaton, or billion-tonne, scale to sequester the emissions from 250 million vehicles driven in a year, according to the Department of Energy.
Deriving Value From Emissions
Another company focused on removing emissions from the atmosphere is Ontario-based tech company Pond Technologies (TSX.V:POND) (OTCQB:PNDHF). Pond has created a proprietary technology that may profitably convert CO2 into valuable products like food, animal feed, and nutraceutical substances. The company recently established a Biotech division devoted to the cultivation of unique strains of microalgae for use as a reproductive medium for the development of human antibodies and proteins
Pond Technologies is working on producing spirulina and other algae-based animal feed ingredients using CO2 emissions to address global sustainability challenges of protein shortages and climate change, offering sustainable options for animal feed, including aquaculture.
Pond is working with Livalta, an AB Agri company, and subsidiary of Associated British Foods on a pioneering global partnership to produce commercial algae-based animal feed ingredients from CO2 emissions. Effectively, the technology is designed to take CO2 emissions out of the air to produce high value protein. The first product will be spirulina. On December 21, 2022, Pond announced that the algae lab, inclusive of Pond-designed algae bioreactors, has been successfully installed on site at AB Agri’s British Sugar plant in the United Kingdom.
While Pond is progressing with building the pilot plant, the company is now embarking on building the science behind the product, complementing the existing trial library in animal feed. A recent study from the National Research Council of Canada (NRC) used the same strain of spirulina that Pond and Livalta intend to cultivate and results suggest that a diet including up to 20% spirulina biomass has similar essential amino acid and essential fatty acid digestibility as a conventional farmed salmon diet.
Compared to other aquatic and terrestrial animals, Atlantic salmon farming is the most effective at converting feed to protein, yet the sector is dependent on high value proteins such as fishmeal that each have their challenges in terms of sustainability and quality or reliability of supply. Spirulina, a microalgae with up to 65% high value protein produced using carbon dioxide emissions and in a controlled process with high quality standards could be a solution to those problems.
For more information on Pond Technologies (TSX.V:POND) (OTCQB:PNDHF), please visit this link.
Featured Image @ Freepik
1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.
2) The Article was issued on behalf of and sponsored by, Pond Technologies Inc. Market Jar Media Inc. has or expects to receive from Pond Technologies Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) two hundred twenty-nine thousand and eight hundred CAD for 29 days (21 business days).
3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.
5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.
6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Pond Technologies Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Pond Technologies Inc.’s industry; (b) market opportunity; (c) Pond Technologies Inc.’s business plans and strategies; (d) services that Pond Technologies Inc. intends to offer; (e) Pond Technologies Inc.’s milestone projections and targets; (f) Pond Technologies Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Pond Technologies Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Pond Technologies Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Pond Technologies Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Pond Technologies Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Pond Technologies Inc.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Pond Technologies Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Pond Technologies Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Pond Technologies Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Pond Technologies Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Pond Technologies Inc.’s business operations (e) Pond Technologies Inc. may be unable to implement its growth strategy; and (f) increased competition.
Except as required by law, Pond Technologies Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Pond Technologies Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Pond Technologies Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.
7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Pond Technologies Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Pond Technologies Inc. or such entities and are not necessarily indicative of future performance of Pond Technologies Inc. or such entities.Read more investing news on PressReach.com.Subscribe to the PressReach RSS feeds:
- Featured News RSS feed
- Investing News RSS feed
- Daily Press Releases RSS feed
- Trading Tips RSS feed
- Investing Videos RSS feed
Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube