Pond Technologies Signs MOU with Inventys Thermal Technologies

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.

Click here to read the full press release.