Marine snow as a climate solution
The GEA@275 Project was established in order to develop a new and natural carbon capture and storage technology which could remove up to 20% of the worlds annual CO2 emissions
We are proud to announce that we will be launching a crowd funding campaign with the goal to raise € 10 mill in order to complete the full project, including large scale testing and verification of carbon removal by marine snow.
We have developed a blockchain platform selling future carbon offsets.
We will make available 350 000 carbon offsets / securities at a discounted price of €30 per ton. Current market price is average € 90 per ton.
More information coming soon.
We are happy to announce that we have secured sufficient funding to complete the first testing and verification phase. With support from Innovation Norway and the Norwegian Research council we are now testing and verifying our new lab technology and methodology to better measure carbon uptake in phytoplankton. Results form this project will lay the foundation for phase two, where we develop the verification system to quantify carbon uptake by marine snow and potentially other Ocean fertilization approaches. We are completing this project together with NORCE Norway and Institute of Oceanography and Fisheries (IZOR) in Split, Croatia.
We are very exited to have passed through to stage two of the Carbon Removal accelerator. This gives us access to expert advice, direct connection to customers and also funding opportunities in the carbon removal industry. Being elected to phase two confirms that external experts accept our ocean CDR approach to be an important contribution to explore and test in order to find solutions to the ever pressing problems of global warming.
Being selected as one of the start-ups for the cycle 5 of the Blue Invest Readiness Assistance proves that our technologies are important contributions in reaching the goals of the EU long term sustainability strategies. With the help of our mentor Drazen Nikolic, we are developing documentation and strategies necessary to increase our investment readiness. Although we have a strong and knowledgeable team, we find it very encouraging and motivating to get the tailored assistance in reaching the ultimate goals of the program, to be eligible for up to EUR 2 mill in EU grants.
Marine snow as a climate solution 