Taking the C02 emissions out of the air, and using them to produce protein? This company is pioneering a partnership that will do just that, and produce commercial algae-based animal feed ingredients from CO2 emissions.
Pond Technologies Holdings Inc. (TSX.V:POND) is an ESG company trying to address global sustainability challenges of protein shortages and climate change will be working with Livalta, an AB Agri company, on the joint commercialization of algae-based animal feed ingredients.
The first product will be spirulina, which combines 60% protein with essential vitamins and minerals.
Algae is gaining increasing attention as a potentially game-changing animal feed ingredient. Until now, the technology to produce algae, at the scale, quality and cost required to be an affordable ingredient for animal feed, has remained elusive.
Shares were trading up over 11% in early-afternoon trade.
