The company is developing a seaweed-based product that would reduce methane – a byproduct of the food digestion process – from livestock emissions.
Rumin8 plans to use the $12 million for activities like commercial trials and the development of a pilot manufacturing plant for its feed for cows.
Why we have to fight methane
Methane is the most common greenhouse gas after carbon dioxide. It is 25 times more powerful than carbon dioxide at trapping heat in the atmosphere, according to the US Environmental Protection Agency.
Given the Livestock is responsible for about 15% of global greenhouse gas emissions, efforts are being made on a global scale to raise these animals more sustainably.
“The demand for sustainable protein has never been more apparent, which is why BEV is very interested in reducing methane emissions from beef and dairy products,” explains Carmichael Roberts, business manager for the Committee, in a press release. of BEV Investments.
Gates was optimistic about the rise of artificial meat: “There are companies making beef in new ways and people working to keep using cows, but reducing methane emissions,” Gates wrote in the thread. “I think over time these products will be very good, even if their market share is small today,” he added.
Bill Gates’ investment fund isn’t the only one looking to reduce methane emissions from livestock. Last weekFrench food giant Danone has pledged to cut methane emissions from its milk-supplying farms by a third by the end of this decade.
New Zealand, a large producer of beef, also proposes tax cattle burps from 2025.
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