Apr 28, 2022 Stéphanie Bédard-Châteauneuf

Tech Giants Commit Nearly $1 Billion Toward Carbon Capture

 

Some of the world’s largest companies are teaming up to commit nearly $1 billion in spurring the carbon-capture market. On April 12, Stripe, Facebook, Alphabet, Shopify and McKinsey & Co. Inc. announced the creation of Frontier, a public benefit corporation that plans to purchase $925 million worth of permanent carbon removal from companies developing the technology. The initiative will help carbon-removal companies scale up and reduce the cost of withdrawing each ton of CO₂ from the air, which would benefit all companies looking to buy high-quality offsets. Frontier’s development is just one of many company and government initiatives that are pumping billions into the technology, creating a sizable opportunity for companies like Pond Technologies (TSX.V:POND)(OTCQB:PNDHF),  Exxon Mobil (NYSE:XOM), Xebec Adsorption Inc. (TSX: XBC), Ballard Power Systems Inc. (NASDAQ:BLDP), and Brookfield Renewable Partners (TSX:BEP.UN) (NYSE:BEP), which are developing technologies to make the future more sustainable.

ESG-focused cleantech company Pond Technologies (TSXV:POND) (OTCQB:PNDHF) has developed a proprietary patented system that can profitably transform CO2 into valuable products. Using large bioreactors, the company grows algae that absorbs greenhouse gas emissions and transforms them into valuable food, feed, and nutraceutical ingredients.

On April 28, Pond Technologies announced that it has entered into a research agreement with BioCarbN Inc. and its development partner Cross River Infrastructure Partners, in collaboration with Livalta/AB Agri, a subsidiary of Associated British Foods, and a second major agri-business, to identify strains of algae that could help reduce enteric methane emissions from cattle when included into animal feed. Enteric methane emissions are the single largest source of direct greenhouse gas emissions (GHG) in beef and dairy value chains. They are also a substantial contributor to anthropogenic methane emissions globally. Methane emissions from cattle represent approximately 2 billion metric tonnes of CO2, the same emissions as the entire nation of India. 

“We are extremely excited to sign this research agreement with BioCarbN, in collaboration with AB Agri and another forward-thinking major agriculture company,” said Pond Technologies’ President and CEO Grant Smith. “We believe this is just the start in capturing a significant opportunity to help in reducing emissions from cattle globally. The global cattle feed market is over $75 billion USD annually and this represents another step towards commercializing our algae growth platform into globally important markets, across numerous applications3.”

Earlier this year, Pond Technologies announced the launch of Pond Carbon, a division of the company that will be engaged in the sale and licensing of its proprietary CO2 abatement technology to project developers, engineering companies, funders and other companies in partnership with industrial emitters. Pond has already begun licensing its technology to third parties for ongoing license fees and royalties and has signed contracts with AB Agri and a Canadian-based Fortune 500 oil and gas major.

“The launch of Pond Carbon is significant as we work through our opportunity pipeline in 2022, progressing towards a commercial product line. This year, we expect to announce new disruptive partnerships across a myriad of different industries to drive revenue growth and showcase algae growth stemming from the sequestration of carbon from Pond’s innovative technology,” said Peter Howard, VP Project Developments at Pond. “We feel our technology has significant advantages over incumbents, in regard to lack of contamination and consistent quality and look forward to providing updates on our progress.”

Pond also recently announced the closing of the second tranche of a non-brokered private placement of 3,420,000 common shares at a purchase price of $0.20 per common share for aggregate gross proceeds of $684,000. 

For more information about Pond Technologies (TSXV:POND) (OTCQB:PNDHF), click here. 

Clean Tech Companies Have a Great Outlook

Exxon Mobil (NYSE:XOM) has started early front-end engineering design studies (pre-FEED) for the South East Australia carbon capture hub in Gippsland. Those studies will determine the potential for carbon capture and storage to reduce greenhouse gas emissions from several industries in the Gippsland Basin. Exxon Mobil is discussing with local industries that may be interested in getting access to the SEA CCS hub to reduce emissions from their operations. The project aims to capture up to 2 million tons of CO2 per year. If the technical and commercial feasibility is confirmed, the SEA CCS hub could be operational by 2025.

On April 12, Xebec Adsorption Inc. (TSX:XBC), a global provider of sustainable gas technologies, announced that its subsidiary, Xebec Systems USA LLC, has signed a $113.5 million (CAD 143.2 million) contract with Iowa SCS Carbon Removal LLC, a subsidiary of Summit Carbon Solutions. The contract follows a Memorandum of Understanding signed on March 28, 2022, for 51 carbon dioxide (CO2) piston compressor assemblies, which will be used for the carbon capture and sequestration project proposed by Summit Carbon Solutions. The contract, which is expected to be the largest in the world if approved, represents the largest order value Xebec has received to date. 

Ballard Power Systems Inc. (NASDAQ:BLDP) has received Europe’s industry’s first Type Approval by DNV, one of the world’s leading classification and certification bodies, for its FCwave marine fuel cell module. The approval marks an important milestone in the commercialization of Ballard’s fuel cell technology for marine applications and is key to including fuel cells in zero-emission solutions for the marine industry. The Type Approval process involves a series of simulations and tests carried out at Ballard‘s Global Marine Center of Excellence in Denmark, where the FCwave is developed and manufactured.

Brookfield Renewable Partners L.P. (TSX:BEP.UN) (NYSE:BEP) announced on April 5 its intention to redeem all of its Class A Preferred LP Units, Series 11 (TSX: BEP.PR.K) in cash on April 30, 2022. The price redemption fee for each Series 11 Preferred Unit will be C$25.00. Holders of Series 11 Preferred Units of record as of April 14, 2022, will receive the previously declared final quarterly distribution of C$0.3125 per Series 11 Preferred Unit. On the same day, Brookfield announced that it has agreed to issue 5,000,000 5.50% Cumulative Class A Perpetual Preferred LP Units, Series 18 on a bought deal basis to a syndicate of underwriters led by CIBC Capital Markets, BMO Capital Markets, National Bank, RBC Capital Markets, Scotiabank and TD Securities for distribution to the public. The Series 18 Preferred Units will be issued at a price of C$25.00 per unit, for gross proceeds of C$125,000,000.

In over ten years of R&D, Pond Technologies has developed a robust disruptive technology platform based on artificial intelligence (AI), proprietary LED lights, and patented CO2 management.

Discover Pond Technologies’ Plan to Combat Climate Change and Derive Value from Carbon Emissions! Click Here to Download the Corporate Presentation!

Please See Disclaimer

Featured Image: DepositPhotos @ Andreus

STOCKS YOU MAY LIKE


Disclosure:

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.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on StreetSignals.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on StreetSignals.com.

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.