Methane-busting seaweed technology developer CH4 Global Inc., has secured term sheets for the world’s first licenses for the use of Asparagopsis seaweed. Future Feed Pty Ltd, holders of key patents covering the use of Asparagopsis for the purpose of methane reduction and animal productivity increases in ruminant animals, and CH4 Global have agreed on terms for licenses which will cover sales and distribution in both the Australian and New Zealand markets. This is a key milestone for CH4 Global that will accelerate the company mission to begin making quality Asparagopsis supplement available later in 2021. CH4 Global is urgently advancing plans to aquaculture and process native Asparagopsis seaweed at its subsidiaries, CH4 South Australia and CH4 Aotearoa for Australia and New Zealand markets – these term sheets now provide the final piece in the end-to-end value chain for market access for farmers.
Future Feed CEO, Andrew Gatenby, shared, “Future Feed is excited that CH4 Global is the first company to have market access through leveraging our key Asparagopsis use patents. CH4 Global is one of the global leaders in the production and processing of Asparagopsis and we believe they will be a key enabler to ignite the growth of a new industry leveraging our key intellectual property to ultimately mitigate climate change.”
Trials in the US and in Australia in have shown unequivocally that Asparagopsis, when used as a supplement at 1% or less of the total diet in dairy cows and feedlot beef cows, results in reductions in methane from 60 to 90+%. Over the next two decades, the impact of the annual GHG output of the 1.5 billion cows on the planet is greater than the annual GHG output from China. CH4 Global is focused on making it easy and cost-effective for farmers to adopt this simple and viable approach to reducing agricultural greenhouse gases.
“Our vision is zero methane agriculture and access to these licenses will bring us closer to that vision,” explained CH4 Global CEO and co-founder Dr. Steve Meller. “The scaled impact of this opportunity to reduce methane emissions from the world’s cattle is larger than any other single intervention on climate change and we believe it is one of the only ways the planet can close the emissions gap to put the Paris Agreement on track towards success by 2030.”
View source version on businesswire.com: https://www.businesswire.com/news/home/20201020005192/en/