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Pond Technologies Signs MOU with Inventys Thermal Technologies
May. 10, 2019 08:49AM PST
Cleantech InvestingPond Technologies Holdings (TSXV:POND) announced that it signed an MOU with Inventys Thermal Technologies to develop large scale, low-cost carbon capture projects. The arms length deal is designed for power plants to reduce carbon emissions. As quoted in the press release: “We see Pond as an ideal partner for a large-scale rollout of our technology …
Pond Technologies Holdings (TSXV:POND) announced that it signed an MOU with Inventys Thermal Technologies to develop large scale, low-cost carbon capture projects. The arms length deal is designed for power plants to reduce carbon emissions.
As quoted in the press release:
“We see Pond as an ideal partner for a large-scale rollout of our technology to provide a zero-CO2 emission solution. As we aim to capture about 90% of CO2 from atmosphere-bound carbon and deliver pipeline-ready CO2 for storage at a giga-tonne scale, Pond is able to turn our nitrogen stack gas into value-added algae products” said Claude Letourneau, President & CEO of Inventys.
“Inventys can capture CO2 at very low cost, which holds great promise to supply Pond with a reliable CO2-rich stream of our most important feedstock. Together, we can offer industrial emitters scale and return on investment for carbon capture and utilization” said Steve Martin, CEO of Pond.
