Methane mitigation at scale to help reduce cow emissions
CH4 Global has announced that it has raised $45.05 million in Series B funding to build and validate the CH4 Global EcoPark, aquaculture and production facilities that will make CH4 Global’s product, Methane Tamer, at scale. The funding round was led by DCVC, DCVC Bio and Cleveland Avenue, with participation from other investors. To date, the total funding raised is nearly $73m.
Methane Tamer uses a red seaweed (Asparagopsis) to reduce cow methane emissions by up 90% while also reducing the feed energy lost to methane emissions. With the development of EcoParks, CH4 Global is poised for expansion across six continents.
The first full-scale EcoPark will be built in Louth Bay, South Australia, with similar projects underway in New Zealand.
According to Steve Meller, co-founder and CEO of CH4 Global, the product is receiving interest from governments, food producers and farmers. The company is formulating its feed supplement products to meet the needs of each cattle market segment, starting with feedlot operations, beef and dairy, as well as for grazing dairies. It also intends to provide product for remote and generally unattended cattle globally.
According to the IPCC, methane emissions must be reduced by 45% by 2030 to be consistent with the Paris Agreement’s 1.5 ˚C target.
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