NovoNutrients signs technology development agreement with Woodside Energy
SUNNYVALE, Calif., April 17, 2023 /PRNewswire/ — NovoNutrients introduced the signing of a technologies progress agreement below which Woodside Power would add up to US$3 million to NovoNutrients, topic to the completion of particular milestones by NovoNutrients.
NovoNutrients’ know-how converts industrial CO2 emissions into superior-high-quality protein, with the possible to abate greenhouse fuel emissions and lead to the world’s food items and feed offer. The collaboration with NovoNutrients is aligned with Woodside’s see of carbon capture and utilization (CCU) as an rising discipline offering alternate reduce-carbon remedies.
NovoNutrients’ engineering has been running at a lab-scale. This agreement supports the design and operation of a greater pilot-scale process. The pilot-scale procedure will search for to the two progress the structure of professional-scale crops and provide greater sample products quantity for even more validation by NovoNutrients’ strategic companions, which include Woodside.
“Our arrangement with Woodside means, together, we can produce meaningful carbon added benefits quicker, though also tackling the world’s will need for protein,” stated David Tze, CEO of NovoNutrients.
About NovoNutrients : By turning CO2 into protein, NovoNutrients is tackling the world’s urgent require to reduce carbon emissions and quickly-expanding hunger for superior-excellent protein. The firm continues its march to commercial scale, in live performance with carbon, hydrogen, and nutrition partners, around the globe. For additional facts, take a look at www.novonutrients.com.
About Woodside Power :
Woodside is a worldwide electrical power organization, proudly Australian with a spirit of innovation and dedication. Woodside gives energy that the entire world requirements to warmth homes, maintain lights on, and assist field. The business aims to thrive by the world-wide vitality changeover with a minimal-cost, decrease-carbon, financially rewarding, resilient and diversified portfolio.
Woodside has a developing portfolio of carbon administration alternatives (offsets, carbon seize and storage, and carbon capture and utilization), hydrogen, ammonia, and renewable energy possibilities in Australia and internationally. Our new electrical power options include things like proposed hydrogen and ammonia assignments H2Perth and H2TAS in Australia and a proposed hydrogen job H2Alright in North The usa.
Website: www.woodside.com
NovoNutrients Media Speak to: David Tze, [email protected], 415-236-2455
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Source NovoNutrients
