Historic partnership with CirPro will scale
production of Asparagopsis-based feed supplement, Methane Tamer™,
to supply at least 100,000 cattle per day and meet growing global
demand for low-carbon beef
HENDERSON, Nev., Aug. 6, 2024
/PRNewswire/ -- CH4 Global Inc., a climate tech company on a
mission to dramatically reduce greenhouse gas emissions from
livestock, today announced the signing of its first offtake
agreement to export reduced-methane beef from Australia. This milestone agreement with
CirPro (Australia) will enable the
companies to scale production of CH4 Global's Asparagopsis-based
feed supplement, Methane Tamer™, to meet the growing global demand
for sustainably produced, low-carbon beef.
Under the terms of the agreement, CH4 Global will significantly
increase the supply of Methane Tamer™ to CirPro and its
feedlot partners, HB Rural and Mort & Co. This will allow for
the production of reduced-methane beef from at least 100,000 cattle
per day, with a significant portion destined for export markets
where consumer demand for low-carbon sustainably produced beef is
surging. The first shipment of reduced-methane beef is slated for
export later this year, following the successful commercial
implementation of Methane Tamer™ in South Australian beef feedlots
earlier this year.
"This offtake agreement is a game-changer for the global beef
industry and a major milestone in our mission to bend the climate
curve," said Dr. Steve Meller, CEO
of CH4 Global. "By partnering with industry leaders like CirPro, HB
Rural, and Mort & Co, we are now positioned to meet the
burgeoning international demand for beef with a significantly lower
carbon footprint."
Methane Tamer™, a 100%-natural feed supplement, leverages whole
Asparagopsis seaweed to reduce enteric methane emissions from
cattle by up to 90%. According to CirPro CEO Reg Smyth, the additive also improves
productivity, with cattle in the trials achieving the same weight
gain as the control group while consuming less feed.
To support the rapid scaling of Methane Tamer™ production,
CH4 Global is currently constructing a new state-of-the-art
facility, the EcoPark, north of Port
Lincoln in South Australia.
Scheduled to begin operations this fall, the EcoPark will enable
large-scale production of the Asparagopsis-based supplement to meet
the growing global demand driven by the CirPro offtake agreement
and future partnerships.
Livestock farming, particularly cattle production, is a
significant contributor to global greenhouse gas emissions, with
the digestive process of ruminant animals accounting for
approximately 30% of all human-driven methane emissions. Methane is
a potent greenhouse gas with more than 80 times the warming
potential of carbon dioxide over a 20-year period. As the world
grapples with the urgent need to reduce greenhouse gas emissions to
mitigate climate change, solutions like Methane Tamer™ that can
dramatically reduce livestock methane emissions are critical.
As governments worldwide increasingly move to regulate livestock
emissions, as evidenced by Denmark's recent announcement of a tax on
cattle emissions, the demand for proven methane-reduction solutions
like Methane Tamer™ is expected to skyrocket. CH4 Global and
its partners are well-positioned to capitalize on this trend and
deliver significant value to investors while making a substantial
impact on global greenhouse-gas emissions.
About CH4 Global
CH4 Global is on a mission to deliver
gigaton-scale emissions reductions by 2030 using whole dried
Asparagopsis seaweed -- the safest and most effective way of
targeting livestock methane. The company's flagship product,
Methane Tamer™, leverages Asparagopsis to reduce enteric methane
emissions in cattle by up to 90%. Through its innovative EcoPark
cultivation system, CH4 Global is scaling rapidly to meet global
demand, ensuring profitability throughout the supply chain without
relying on subsidies. Headquartered in Henderson, Nevada, with operations in
Australia and New Zealand, CH4 Global is pioneering a new
era of sustainable animal agriculture; to learn more, visit
www.ch4global.com.
Media Contact
Greg
Frost
greg@privateercommunications.com
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SOURCE CH4 Global, Inc.