New methane feed additive developer secures $7m seed funding

What is the news?

A developer of methane feed additives for livestock has secured $7 million in seed funding to commercialise its product.

About the company and product

The company, called Zelp, has developed a feed additive that can reduce methane emissions from livestock by up to 90%. The additive is a natural product that is made from a blend of essential oils and plant extracts. Zelp's additive has been shown to be safe and effective in reducing methane emissions in cattle and sheep.

The seed funding round was led by Bill Gates' venture capital firm, Breakthrough Energy Ventures. Other investors in the round include the Australian Clean Energy Finance Corporation and the UK-based venture capital firm, Greencoat Capital.

Zelp plans to use the funding to commercialise its product and expand its operations. The company is currently in talks with a number of major livestock producers about supplying its additive.

If Zelp's additive is successful, it could have a significant impact on the global methane emissions. Methane is a potent greenhouse gas that is 25 times more powerful than carbon dioxide. Livestock are a major source of methane emissions, accounting for about 14% of global emissions.

Zelp's additive could help to reduce methane emissions from livestock, which would help to mitigate climate change.

Why is this important?

This is important because methane is a potent greenhouse gas that contributes to climate change. Reducing methane emissions from livestock is an important step in mitigating climate change.

Zelp's additive has the potential to significantly reduce methane emissions from livestock. If successful, this could have a major impact on global methane emissions and help to mitigate climate change.

What are the next steps?

Zelp plans to use the seed funding to commercialise its product and expand its operations. The company is currently in talks with a number of major livestock producers about supplying its additive.

Zelp is also conducting trials of its additive in other animals, such as pigs and chickens. If successful, this could further expand the potential impact of Zelp's technology.