Volta Greentech’s Post

Thank you Dagens Industri for covering our big news today about our new investment and pivotal shift to our next-generation product. https://lnkd.in/dFtQQGz6

Today we at Volta Greentech announce a pivotal shift towards our groundbreaking 2nd generation Lome™ feed additive, cutting the cost for reducing emissions from cows by 10x. We also announce today that we have raised a new 32 million SEK investment, bringing our total funding to nearly 100 million SEK, to bring cost-efficient and scalable climate solutions to agriculture. [Press-release] Today Volta Greentech announces a pivotal shift towards our groundbreaking 2nd generation Lome™ feed additive, cutting the cost for GHG reductions by 10x. With nearly 100 million SEK already secured in total for development and commercialization, Volta Greentech aims to deliver Lome™ (gen2) at scale to customers by 2026, pending EU regulatory approval. With global cow emissions totaling 4 billion tons of CO2e annually, demand is soaring. Built on new R&D breakthroughs, Lome™ offers a low-cost, scalable solution, vastly outperforming Volta Greentech’s previously algae-based product. Read more: https://lnkd.in/dbgBNs8p

Half a billion Danish crowns is now on the table for feed additives! In a groundbreaking move, Denmark’s political parties - Enhedslisten, SF, and Radikal - have this week joined forces with the government to earmark around €67M (500M DKK) for combatting ruminant methane emissions through innovative additives. Pending the green light from the ‘grønne tripart,’ the over-seers of Danish agricultures green transformation, these funds will be dispersed from the climate-focused ‘green fund’, propelling Denmark towards its ambitious goal of slashing feed-digestion related emissions from cows by 8% starting January 1st, 2025. https://lnkd.in/deeu7fAt

Press-release! We are together with our customer Protos scaling up our long-standing collaboration with methane-reducing feed additives, with the ambition to make their brand Smak av Gotland the most climate-friendly choice of beef on the retail market in Sweden. After 3 years of collaboration and several pilot projects, Protos and Volta Greentech are taking the next step to scale up commercialisation of Lome™. In a letter of intent, Protos has committed to start to feed Lome™ to cattle in its supply chain. The effort will reach supermarket shelves under Protos’ brand Smak av Gotland. “It feels fantastic that we have taken this step with Volta Greentech to scale up and offer a very unique consumer offering through Smak av Gotland,” says Linda Ahlmalm, CCO at Protos. https://lnkd.in/d7Apa7-8

We are pushing the green transition along side Swedish companies such as Candela, Einride, Northvolt and Heart Aerospace. Now also according to official www.sweden.com https://lnkd.in/d2p98Nj2

Policy update from Denmark: Denmarks strategy for a world-first carbon tax in agriculture has been unveiled. The Danish government has released a new report introducing strategies to tackle agricultural emissions, notably through the implementation of carbon taxes. Dive into our latest blog post for an insightful breakdown of these models and their potential impact. https://lnkd.in/dezC4zxa

COP28 took the bull by the horns This year’s United Nations Climate Conference, COP28, is now over. We see two reasons why COP28 outcomes will support the mission to cut cow burps. 1. $200M in funding to reduce methane emissions from cow burps Agri food systems typically attract next to no climate finance compared to other sectors. Fortunately, climate finance for food systems has started to move rapidly. More than $7 billion has been pledged for food and agriculture since the start of the COP28 summit in Dubai. Cows burps, responsible for about 40% of agricultural emissions, got a fair bite of this budget. The Global Methane Hub, for example, launched the Enteric Fermentation R&D accelerator. This includes funding from the Bezos Earth Foundation and the Bill and Melinda Gates Foundation. It aims to globally coordinate efforts of reducing methane from cow burps and comes complete with funding of $200M. 2. New FAO roadmap to reduce 25% methane emissions from livestock by 2030 The FAO, the Food and Agriculture Organisation of the United Nation, released their first ever roadmap to reduce emissions in the agriculture industry. It includes milestones and goals that describe a clear path for bringing the agriculture industry in line with 1.5 degrees. Methane from cow burps, known as enteric methane, is responsible for 69% of the EU’s agricultural methane emissions. Reducing these enteric methane contributions will be essential to meet the goals and milestones. These include a 25% reduction in methane emissions from livestock by 2030 and a halving of methane emissions from agri-food systems by 2045. It will take some serious action and investment, but it’s good to have the pathway laid out by FAO. With this new roadmap, investors and policy makers can start to plot the way forward. It will also make it clear when we are not on track. If politicians start claiming that we can make our climate targets without dedicated policy action in agriculture, we now have something concrete that we can use to hold us all accountable Why do we care? We care a lot about reducing emissions from the food industry, particularly from beef and dairy. Beef and dairy are expected to be responsible for over 50% of the food sector’s contribution to rising temperatures by 2030. Enteric methane is the major reason for this, responsible for 40% of beef and dairy’s footprint. Solutions to cut livestock emissions exist. With this support and funding, we can start scaling them up rapidly. Volta Greentech’s Lome™ cuts enteric methane by up to 90% when dosed daily. https://lnkd.in/dGq_qxY5

On ITV yesterday: Could feeding cows seaweed drastically cut methane emissions? In short, yes. This clip tells the story of how Volta Greentech, Protos and Ejmunds Farm worked together to release the world’s first methane-reduced beef. We showed that solutions do exist to the ‘impossible’ problem of cow burps. Introducing our methane-reducing algae onto farms was not always smooth sailing. Often, it was a matter of stubbornness and putting our foot to the pedal. But we got there, and our solution is now recognised by multiple governments. Here’s how we managed to get the world’s first methane-reduced beef onto supermarket shelves: Volta Greentech grows and processes Asparagopsis algae in our pilot production facility on the west coast of Sweden. For the trials, we shipped the processed algae, known as Lome, to Ejmunds Farm on the beautiful island of Gotland. Together with the Ejmunds farmers, we worked out how to mix the algae into the cows’ daily feed. A dose of algae weighing around 0.5% of their total daily diet was mixed in with the cow’s grass and their wonky vegetables. In this way, the Gotland beef bulls were fed seaweed for a number of months. During this time, methane emissions burped out by the cows were measured using Greenfeed technology. A Greenfeed is a machine that tempts cows over with ‘cow sweets’ and measures the methane they burp out whilst they stand there and guzzle. We used the Greenfeed to measure a baseline, then started adding seaweed to the cows’ diet. After seaweed addition, the Greenfeed showed methane emissions were reduced by an average of 80%. As a note – methane burped out by cows is responsible for 71% of Sweden’s total methane output. It’s a big problem, and one worth being stubborn about solving. After the cows were fed seaweed, the beef was processed by Protos. This ‘low methane’ beef was then sold at select supermarkets and premium restaurants in Sweden, allowing consumers to try the world’s first beef with reduced methane emissions. So we know it’s possible. Since 2022, Volta Greentech has repeated the launch of Lome beef with new supermarkets and restaurants. We are now scaling up our algae production, and planning new trials. Beef has a high climate impact, but there are things we can do to reduce it. Let’s be stubborn, and keep pushing on with the solutions that have the potential to make a difference. --------------------------------------- We were happy to work with our partners Protos and Ejmunds Farm for this trial. Protos is a forward-thinking beef processor. They are on the forefront of various innovative activities to reduce the climate footprint of the beef industry. Ejmunds Farm has been Märtha Norman’s family for six generations. They produce high quality beef from cows raised with the highest attention to their welfare. https://lnkd.in/dW7At_tc

A lot is at Steak at COP28! Only 2% of total agriculture emissions have been reduced in Europe the past 20 years. Now is the best time to change that. Read more below: https://lnkd.in/d53j8HDJ