4 ms·
That sounds interesting. How do plan to fund that? 100mt a year of sequestration sounds like there would be a fair amount of costs and labour involved.
by michaelbarton 4y ago
That sounds interesting. How do plan to fund that? 100mt a year of sequestration sounds like there would be a fair amount of costs and labour involved.
- gumby 4y agoFor the past year I've been paying the bills (this is hardly my first startup) but we're just starting to talk to investors to bring some more staff on and start scaling up. We only need a few million for this stage. There are people who pay for GHG removal and we have plans on how to expand that. We think it can be self-sustaining.
- michaelbarton 4y agoSounds great! Glad you’re able to bootstrap it. I ask because I’ve looked into this myself. The issue I see with carbon sequestration is how the unit economics add up. Whether the cost of raw materials, labour, facilities, and scaling R&D all add up. My sense is that the he price of carbon credits is still too low for this. Would be interested in hearing more about your ideas.
- pbadg3r 4y agoWould love to support you on this journey! I'm on the team at Fifty Years, we've backed teams like Noya (carbon removal) and Solugen (Carbon negative chemical manufacturing). Would love to chat! Feel free to email me at peregrine at 50y.com