Temasek and Toyota Invest in Living Carbon Biotech Firm to Combat Climate Change
Temasek and Toyota are investing in Living Carbon, a biotech firm that aims to help combat climate change by developing new ways to store carbon dioxide. The investment, which is worth an undisclosed amount, will be used to fund the construction of a pilot plant in Japan that will demonstrate the feasibility of the company’s technology.
Living Carbon’s technology is based on the process of photosynthesis, which is the process by which plants convert sunlight into energy. The company has developed a way to mimic this process using microorganisms, which can convert carbon dioxide into a solid form that can be stored underground. This would provide a way to remove carbon dioxide from the atmosphere and store it in a safe and stable form.
The pilot plant will be located in Japan, and will be used to demonstrate the feasibility of Living Carbon’s technology by producing a small amount of the solid form of carbon dioxide. If the pilot plant is successful, the company plans to scale up the technology to produce larger quantities of the solid form of carbon dioxide, which could be used for a variety of purposes, including carbon sequestration and the production of fuel.
The investment by Temasek and Toyota is part of a larger effort to combat climate change by developing new technologies that can help reduce greenhouse gas emissions. The two companies have previously invested in other companies working on similar technologies, such as Carbon Clean Solutions, which develops technology to capture and utilize carbon dioxide emissions from power plants.
Climate change has become a major concern in recent years, as the Earth’s average temperature has risen due to the burning of fossil fuels and deforestation. The Intergovernmental Panel on Climate Change (IPCC) warns that global warming could cause more frequent and severe heatwaves, droughts, and extreme weather events, and could lead to the extinction of many species.
To combat this, countries around the world have set targets for reducing greenhouse gas emissions, such as the Paris Agreement, which aims to limit global warming to well below 2 degrees Celsius above pre-industrial levels.
Living Carbon’s technology has the potential to play a significant role in helping to achieve these targets by providing a way to remove carbon dioxide from the atmosphere and store it in a safe and stable form. The pilot plant in Japan is an important step towards demonstrating the feasibility of the technology and moving towards large-scale deployment.
Some key points of this news are:
- Temasek and Toyota are investing in Living Carbon, a biotech firm that aims to help combat climate change by developing new ways to store carbon dioxide
- Living Carbon’s technology is based on the process of photosynthesis, which is the process by which plants convert sunlight into energy
- The company has developed a way to mimic this process using microorganisms, which can convert carbon dioxide into a solid form that can be stored underground
- The pilot plant will be located in Japan, and will be used to demonstrate the feasibility of Living Carbon’s technology by producing a small amount of the solid form of carbon dioxide
- If the pilot plant is successful, the company plans to scale up the technology to produce larger quantities of the solid form of carbon dioxide, which could be used for a variety of purposes, including carbon sequestration and the production of fuel
- The investment by Temasek and Toyota is part of a larger effort to combat climate change by developing new technologies that can help reduce greenhouse gas emissions.
- Climate change has become a major concern in recent years, as the Earth’s average temperature has risen due to the burning of fossil fuels and deforestation.
- The Intergovernmental Panel on Climate Change (IPCC) warns that global warming could cause more frequent and severe heatwaves, droughts, and extreme weather events, and could lead to the extinction of many species.
Prachi, an accomplished Chief-Editor at The Sustainable Brands Journal, has 15+ years of experience in Europe, the Middle East, and India, managing 90+ global sustainable brands. She’s a prolific writer in sustainability, contributing to various publications. Prachi’s unwavering passion and expertise make her a recognized authority, driving positive change and inspiring a sustainable future.
