POND bounces back $POND bounced back today rising 6.7% to $0.48CAD/share
Pond Tech ( $POND.V ) is most well known for its ability to capture CO2 from industrial emitters by using it to grow algae.
This algae can then be used for animal feed. However, algae also has several lesser-known uses:
1. Human Nutrition:
Pond's powdered health supplements have antioxidant and anti-inflammatory properties. They are Vegan GMO and gluten-free
2. Household items: Algae biofoams can be used to make apparel & footwear, biodegradable plastic containers used in food & beverage. Algae can also be used to make organic cosmetics.
3. Petroleum Feedstock: Algae can be used as an ecologically friendly feedstock for petroleum derivatives like biofuels, bioplastics, and green chemicals
Compound annual growth rate
Substantial
This algae market is worth $35B (USD) and is projected to be $45B by 2023. It is growing at a compound annual growth rate of 5.2%.
More here:
https://www.pondtech.com/algae-products/