ImpactAlpha, September 5 — The roughly 1.5 billion cows on the planet burp and fart more than 150 million tons of methane per year, making them the largest source of methane globally.
Nevada-based CH4 Global has raised $29 million to build a facility in New Zealand that will produce a seaweed-based supplement to reduce such enteric methane in cattle, sheep and goats. “We are receiving massive interest from governments, food producers and farmers of all sizes, fueling our sense of urgency that we must act now to avoid a climate tipping point,” said CH4 Global’s Steve Miller.
Over the span of two decades, methane has more than 80 times the impact on global warming, per ton, than carbon dioxide. That makes reducing it a high-impact imperative. More than 150 nations, including the US, have signed onto a Global Methane Pledge to reduce man-made methane by 30% by 2030.
CH4’s Series B round, led by DCVC and Cleveland Avenue, with other climate tech investors, brings the company’s total fundraising to $47 million.