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HomePosts Tagged "Steve Meller"
Agrotech, Climate, Company News, Finance, Start ups, World

CH4 Global will meet the growing global demand for enteric methane mitigation solutions in animal agriculture

CH4 Global, Inc., a climate tech company on the path to radically reducing GHG emissions in animal agriculture, announced it has raised $29 million in Series B funding. The company will use the funds to build and validate the CH4 Global EcoPark, an aquaculture and production facility that will make CH4 Global’s signature product, Methane Tamer, at scale.

This round, led by DCVC, DCVC Bio, and Cleveland Avenue – with participation from other investors with a strong interest in climate change – brings the total raised to date to nearly $47 million. It also underscores market demand for safe, viable solutions to vastly reduce enteric methane from ruminant livestock.

When added to cattle feed, Methane Tamer—which uses red seaweed (Asparagopsis)—reduces the animal’s methane emissions by up to 90% while also reducing the feed energy lost to methane emissions. With the development of its CH4 Global EcoPark, the company is poised for expansion in key markets and with key partners throughout all six inhabitable continents.

This is a key development in the fight against climate change. The 1.5 billion cows on the planet produce more than 150 million tons of methane annually — the largest single source of methane globally. At more than 12 billion tons CO2-e per year (at an average of 100 kg methane/cow), this is a larger GHG output than from the US, the EU, and India combined. Moreover, the UN cites methane as over 80 times more impactful than CO2 on global warming over the next 20 years.

“We are receiving massive interest from governments, food producers and farmers of all sizes, fueling our sense of urgency that we must act now to avoid a climate tipping point. The pressure is on with new regulations and the desire to produce at a measurably lower impact. What we’ve developed at CH4 Global is what we call a CH4 Global EcoPark, which enables low-cost growth and processing of Asparagosis.” said Steve Meller, PhD, co-founder and CEO, of CH4 Global. “We are formulating our unique feed supplement product, Methane Tamer, to meet the specific needs of each cattle market segment, starting with feedlot operations, beef and dairy, as well as for grazing dairies. Eventually, we will also formulate for remote and generally unattended cattle around the world.”

“CH4 Global’s secret sauce is its product, plain and simple: the feed additive it has expertly formulated stands apart from other seaweed-based offerings,” said John Hamer PhD, Managing Partner at DCVC Bio and a member of the CH4 Global board of directors. “DCVC Bio is thrilled to back Steve and his exceptional team: they are ready to scale up a critical solution to climate change.”

CH4 Global will meet the growing global

Animal Health, Company News, Live Stock, Sustainability, World

Up to 90% reduction of enteric methane emissions from beef feedlot cattle

CH4 Global, announced a new proprietary methane-reducing digestive aide feed formulation for beef feedlot cattle called Methane Tamer Beef Feedlot. The product is the first in a line of products for a full suite of ruminant animals and farming approaches being developed under the Methane Tamer brand and will initially be commercially available to partners in Australia with global expansion coming in future years. 

With our patented innovations in operational efficiencies and formulation, CH4 Global has developed the highest quality, lowest cost and most efficacious product designed for and with the end user. This natural product includes the entire Asparagopsis plant, as used in independent peer-reviewed animal feed studies, and is not a synthetic replication of only one of the active ingredients or an extract from Asparagopsis. 

The new formulation reduces the formation of methane in the animal rumen, thanks to our star ingredient, Asparagopsis seaweed. When processed correctly, Asparagopsis has been scientifically proven to reduce methane emissions in cattle by up to 90 per cent without negative effects on animal welfare or beef quality taste or texture. Our proprietary formulation contains superior-quality Asparagopsis and other natural ingredients to support intake by feedlot cattle and easy inclusion in the feeding regimen. Benefits

“As we validate the business model with our initial partners – both the business model for us and for the farmers, we will expand to our next group of partners. Those that enable scaling in our launch market and initial expansion into new geographic markets.  The key to our model, and what we uniquely do, is to drive a cost structure that not only enables but also encourages usage of our product because it makes both economic and environmental sense to do so. It is also how we will achieve gigatonne scale impact before 2030,” said, Chris Rose, Chief Business Development Officer.

“What we have developed over the last four years is a platform that can quickly scale and be highly profitable.  In fact, this new approach, plus our filed IPs on novel ways to dramatically drive down costs of growing and processing Asparagopsis, while preserving the bioactivity of the final product, has ensured that we now have, without question, the lowest cost product on the market while maintaining the highest quality, natural/non-synthetic, product,” said, Steve Meller, CEO.

Up to 90% reduction of enteric methane