Sweden-based start-up Volta Greentech raises 1.7 million Euro to fight burps from cows — and is now eying to build the world’s largest algae factory in Lysekil.
Volta Greentech is producing a feed material for cows that eliminates up to 80 percent of their methane emissions. To enable commercial production, the company has built a land-based algae production prototype in Lysekil, Sweden. The new capital contribution will be invested into establishing its pilot facility during 2021, preparing for a large-scale factory supplying enough seaweed to eliminate a significant portion of methane emissions from Swedish cattle. Among others Skånemejerier has participated in the development.
– There are more than one billion cows on the planet, and the emissions from these continue to increase. Despite that, there are no widespread solutions to decrease the emissions, and research in the field is progressing far too slow. However, we are now on track to implement a solution that can reduce a large part of the emissions, and it feels exciting that such competent investors want to join our journey, says Fredrik Åkerman, the university dropout who is today CEO and co-founder at Volta Greentech in a press release.
5 percent of the world’s greenhouse gas emissions come from one single source: methane from cows’ burps and farts. Volta Greentechs goal is to fight those gasses. And as the company is now building the world’s first commercial land-based red algae farm on Sweden’s west coast. The company’s laboratory at the Karolinska Institute in Stockholm, the mechanisms for increasing the algae’s methane reducing abilities are under development. Read more HERE