CH4 Global Raises US$29M to Reduce Methane

 Seagriculture EU 2024
CH4 Global

The company says they are receiving massive interest from governments, food producers and farms of all sizes.

CH4 Global, Inc., a climate tech company on a path to reduce GHG emissions in animal agriculture, has just raised US$29 million in Series B funding. The company will use the funds to build and validate their 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 climate-motivated investors — brings the total raised to date to nearly US$47 million, an indicator of market demand for safe, viable solutions to vastly reduce enteric methane from ruminant livestock.

When added to cattle feed, Methane Tamer — which uses the red seaweed Asparagopsis — reduces the animals’ methane emissions by up to 90%, according to the company, while also reducing the feed energy lost to methane emissions. With the development of its CH4 Global EcoPark, the company intends to expand in key markets and with key partners throughout the world.

The 1.5 billion cows on the planet produce more than 150 million tons of methane annually and are the largest single source of methane globally. At more than 12 billion tons of 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,” said Steve Meller, PhD, co-founder, and CEO of CH4 Global. “What we’ve developed at the CH4 Global EcoPark enables low-cost growth and processing of Asparagopsis.”

“We are formulating our unique feed supplement products to meet the specific needs of each cattle market segment, starting with feedlot operations, beef and dairy, as well as for grazing dairies,” he said.

He added that eventually the company plans to formulate for remote and generally unattended cattle around the world, as well.

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