We Could Be A Leader in Canada's Quest to Reduce Emissions Canadian Federal Government working hard to reduce emissions… “What was tabled on Monday was the promise to introduce an investment tax credit for capital invested in CCUS projects in 2022, following a 90 day consultation period with stakeholders.”
POND has ample opportunity in this carbon capture and carbon capture utilization and storage (CCUS) industry. The world has a drastically far way to go to meet its goals – “according to the International Energy Agency, the world has a long way to go. We are only at five per cent of the 800 million tonnes (MT) of carbon dioxide that must be annually captured and sequestered by 2030 if we are to meet those goals.”
Pond Technologies uses algae to reduce and remove carbon output. It’s a ESG way of helping the environment as the algae are then used for fish and animal fee, nutraceuticals, bio-materials and (synthetic) plastics, as well as food colourants. Just these industries alone are a ~$50 billion market on their own.
POND.v is a revenue producing business with contract values that will ramp up over the coming months/years.