CH4 Global Inc., a climate tech company, has secured $29 million in Series B funding. The company plans to utilize the funds to construct and validate the CH4 Global EcoPark, a facility focused on aquaculture and production. The EcoPark will enable CH4 Global to manufacture its signature product, Methane Tamer, on a large scale.
This funding round, led by DCVC, DCVC Bio, and Cleveland Avenue, brings the total amount raised by CH4 Global to nearly $47 million. It highlights the growing demand for viable solutions to reduce enteric methane emissions from livestock.
Methane Tamer, which incorporates a red seaweed called Asparagopsis, is added to cattle feed and has demonstrated the ability to reduce methane emissions by up to 90%. Additionally, it reduces the energy lost from feed due to methane emissions. The development of the CH4 Global EcoPark positions the company for expansion in key markets across all six inhabited continents.
The impact of this development on the fight against climate change cannot be understated. With over 1.5 billion cows worldwide producing more than 150 million tons of methane annually, livestock represents the largest single source of methane emissions globally. Methane is more than 80 times more impactful than CO2 in terms of global warming over the next two decades, according to the UN.
The interest in CH4 Global’s products and solutions is widespread, with governments, food producers, and farmers of all sizes eager to adopt measures to reduce their carbon footprint. The company’s innovative CH4 Global EcoPark enables cost-effective growth and processing of Asparagopsis, ensuring the scalability of its methane reduction solutions.
“We are formulating our unique feed supplement products, 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,” stated Steve Meller, Ph.D., co-founder and CEO of CH4 Global.
The success of CH4 Global lies in its proprietary formulation of the feed additive. It differentiates itself from other seaweed-based alternatives currently available. With support from investors like DCVC Bio and Cleveland Avenue, CH4 Global is well-positioned to scale up and make a significant impact in combating climate change.
As part of the funding round, Cleveland Avenue LLC will join the CH4 Global board of directors. Randall Lewis, managing partner at Cleveland Avenue LLC, expressed excitement about supporting CH4 Global’s mission to address methane gas emissions, adding that CH4 Global represents an exciting opportunity to tackle a major global problem.
With the development of the CH4 Global EcoPark and continued investment from leading venture firms, CH4 Global is set to play a crucial role in reducing methane emissions and mitigating climate change.
Sources: CH4 Global Inc., DCVC, DCVC Bio, Cleveland Avenue LLC