TIDMCBX
RNS Number : 1610T
Cellular Goods PLC
13 November 2023
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014, as retained as part of
the law of England and Wales. Upon the publication of this
announcement via the Regulatory Information Service, this inside
information is now considered to be in the public domain.
13 November 2023
Cellular Goods PLC
("Cellular Goods" or "the Company")
King Tide Carbon achieves major milestone with successful
creation of kelp-derived biochar
Cellular Goods (LSE: CBX), is pleased to announce that its
wholly owned subsidiary King Tide Carbon Canada Ltd. ("King Tide"),
has achieved a significant milestone with the production of
kelp-derived biochar that paves the way for carbon dioxide removal
(CDR) credit production and a range of applications in agriculture,
environmental restoration and industry.
King Tide's successful development of kelp-derived biochar with
28% carbon content marks a significant leap forward for the company
by harnessing the carbon-rich properties of kelp, a rapidly
renewable marine resource, for biochar production. Biochar, a
stable form of carbon derived from organic matter, has long been
recognised for its potential to improve soil quality, sequester
carbon, and enhance agricultural productivity.
This development follows increasing global scientific consensus
that biochar is a viable, and permanent form of carbon
sequestration, paving the way for King Tide to scale up its carbon
removal efforts and generate high quality CDR credits.
King Tide will continue to refine and scale its innovative
process with the goal of making kelp-derived biochar accessible on
a larger scale, maintaining its commitment to a sustainable future
and innovative solutions for climate change.
Key highlights of this achievement include:
1. Sustainable Carbon Sequestration: King Tide's kelp-derived
biochar offers a potent and sustainable solution for carbon
sequestration. Kelp's rapid growth, carbon-capturing capabilities,
and the conversion into biochar contribute to long-term carbon
storage, helping combat climate change.
2. Effective Carbon Content: The 28% carbon content of King
Tide's kelp-derived biochar demonstrates good carbon-rich
properties, making it an effective tool for carbon sequestration,
enhancing soil fertility and potentially other industrial
applications.
3. Environmental Stewardship : By repurposing kelp into biochar,
King Tide is promoting the principles of the circular economy and
responsible resource management. This innovative approach reduces
waste, maximizes resource utilization, and aligns with sustainable
environmental practices.
4. Agricultural Advancements: Kelp-derived biochar has potential
for agricultural applications. It can enhance soil structure,
improve water retention, increase nutrient availability, and reduce
the need for synthetic fertilizers, ultimately leading to more
sustainable and productive farming practices.
5. Scientific Collaboration: King Tide's achievement is the
result of dedicated research and collaboration with experts in
marine biology, environmental science, and agriculture led by Dr.
Hector Siegler and Mohammad Alikarami at the University of Calgary
and including Dr. Satyanarayan Panigrahi from Saskatchewan
Polytechnic. This interdisciplinary approach highlights the
importance of cross-sector collaboration in addressing pressing
global challenges.
Darcy Taylor, Interim CEO at Cellular Goods, commented: "King
Tide's mission is to harness the power of the oceans to remove
carbon dioxide from the atmosphere sustainably and at scale. The
company remains dedicated to pioneering sustainable solutions that
benefit both the environment and society. This development of our
first kelp-derived biochar production for delivery of carbon
sequestration credits (CDRs) and a range of applications in
agriculture and environmental restoration, marks a significant
milestone in our strategy to provide carbon
sequestration-as-a-service. This builds on our partnership with
Springtide Seaweed, setting the stage for a new era of oceanic
carbon sequestration innovation."
For further information please contact:
Cellular Goods
Darcy Taylor via FSCF +44 7572 873 300
Chairman and interim CEO
--------------------------
First Sentinel Corporate Finance
(FSCF)
--------------------------
Investor Relations
Rebecca Noonan +44 7572 873 300
IR@cellular-goods.com
Media Relations
Rebecca Noonan +44 7572 873 300
Media@cellular-goods.com
Corporate Broker & Advisor
Brian Stockbridge +44 7858 888 007
--------------------------
Novum Securities
--------------------------
Corporate Broker
Colin Rowbury
Jon Belliss +44 207 399 9427
--------------------------
About Cellular Goods PLC:
Cellular Goods is pioneering the use of lab-based and
biosynthetic production methods for wellness and sustainability
solutions. The Company launched with a focus on efficacy led and
science-backed products utilising biosynthetics, and now employs
its expertise across two verticals: premium next-generation
cannabinoid skincare products, and carbon
sequestration-as-a-service through its wholly owned business
division, King Tide Carbon, which utilises biosynthetic algae and
seaweed to provide scalable carbon removal. The Company is
incorporated in the UK and listed on the Main Market of the London
Stock Exchange. For more information, visit www.cellular-goods.com
.
About King Tide:
King Tide is a British Colombia incorporated biosynthetic algae
and seaweed carbon sequestration-as-a-service company with a clear
mission to deliver sustainable, scalable, and high-quality carbon
removal credits that ensure a reliable supply to support global and
national commitments to achieving net-zero carbon emissions by
2050. Through innovative technologies and strategic partnerships,
King Tide is committed to reversing climate change by reducing
carbon dioxide levels in the atmosphere, and providing customers
with permanent, verified
carbon removal as a service. https://www.kingtidecarbon.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFFLFWEEDSELF
(END) Dow Jones Newswires
November 13, 2023 02:00 ET (07:00 GMT)
Cellular Goods (LSE:CBX)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Cellular Goods (LSE:CBX)
Gráfica de Acción Histórica
De May 2023 a May 2024
