Bill Gates just invested in a startup that’s trying to stop cows from burping and farting so much

Share to friends
Listen to this article
Bill Gates’ Breakthrough Energy Ventures has backed Australian local weather tech agency Rumin8.

  • Bill Gates-founded Breakthrough Energy Ventures led a $12 million seed funding spherical into Rumin8.
  • The Perth-based startup is growing a seaweed-based feed aiming to cut methane from livestock emissions — like the burps and farts of cows.
  • A byproduct of the digestion course of, methane, is the most typical greenhouse gasoline after carbon dioxide.

What do a billionaire philanthropist, a local weather tech agency, and fewer cow burps have in widespread?

Just ask Bill Gates, whose funding agency Breakthrough Energy Ventures, or BEV, led a $12 million seed funding spherical into an Australian local weather tech agency working to reduce methane emissions — like these from cows. 

Rumin8, a Perth-based startup, said Monday it has closed a Phase 2 seed funding spherical, bringing its whole funding to 25 million Australian {dollars}, or $17.7 million. The firm is growing a seaweed-based feed that may cut methane — a byproduct of the meals digestion course of — from livestock emissions. 

Rumin8 plans to make use of the $12 million for actions like business trials and growing a pilot manufacturing plant.

Methane is the most typical greenhouse gasoline after carbon dioxide. It is also 25 instances more potent than carbon dioxide in trapping warmth in the ambiance, based on the US Environmental Protection Agency.

As livestock accounts for about 15% of world greenhouse gasoline emissions, there are actually international efforts to farm such animals more sustainably.

“The demand for sustainable protein has never been more apparent, which is why BEV is keenly interested in reducing methane emissions from beef and dairy,” Carmichael Roberts, a enterprise lead at BEV’s Investment Committee, said in a press release.

Just last week, Gates appeared upbeat about sustainable meat in a Reddit Ask Me Anything session.

“There are companies making ‘beef’ in new ways and people working to still use cows but reduce the methane emissions,” Gates wrote in the thread. “I think eventually these products will be very good even though their share is small today,” he added. 

And Gates’ BEV is not the only one reducing methane emissions from livestock. Last week, French meals giant Danone pledged to slash methane emissions from its milk-supplying farms by about one-third by the end of this decade.

New Zealand — a significant beef producer — is also proposing to tax the burps from livestock from 2025.

Read the original article on Business Insider

Source

READ ALSO  Meta's technology chief reportedly told employees that higher headcount has led to 'untenable' slow movement, including meetings that take a month to schedule