CH4 Global signs first purchase agreement to export reduced-methane beef

Historic partnership with CirPro will expand production of Asparagopsis-based feed additive, Methane Tamer™, to supply at least 100,000 head of cattle per day and meet growing global demand for low-carbon beef.

HENDERSON, Nev. , Aug. 6, 2024 /PRNewswire/ -- CH4 Global Inc., a climate technology company whose mission is to dramatically reduce greenhouse gas emissions from livestock, today announced the signing of its first export purchase agreement for reduced-methane beef from Australia. This significant contract with CirPro (Australia) will allow the companies to expand production of CH4 Global's Asparagopsis-based feed additive, Methane Tamer™, to meet the growing global demand for sustainably produced low-carbon beef.

Under the terms of the contract, CH4 Global will significantly increase supplies of Methane Tamer™ to CirPro and its feed partners, HB Rural and Mort & Co. This will enable the production of reduced-methane beef from at least 100,000 head of cattle per day, with a significant portion destined for export markets where demand for low-carbon sustainably produced beef is growing. The first shipment of reduced-methane beef is scheduled for export later this year, following the successful commercial deployment of the Methane Tamer™ on South Australian beef farms earlier this year.

"This offtake agreement is a turning point for the global beef industry and a significant moment in our mission to change the climate curve," said Dr. Steve Meller, CEO of CH4 Global. "By partnering with industry leaders such as CirPro, HB Rural and Mort & Co, we are poised to meet the growing international demand for beef with a significantly lower carbon footprint."

Methane Tamer™, a 100% natural feed additive, uses the whole seaweed Asparagopsis to reduce methane emissions from cattle by up to 90%. According to CirPro CEO Reg Smith, the supplement also improved performance, with cattle in the trials achieving the same weight as the control group while consuming less feed.

To support the rapid expansion of Methane Tamer™ production, CH4 Global is currently building a new state-of-the-art factory, EcoPark, north of Port Lincoln in South Australia. Scheduled to begin operations this fall, EcoPark will enable large-scale production of the Asparagopsis-based supplement to meet growing global demand driven by the off-take agreement with CirPro and future partnerships.

Livestock production, especially cattle production, is a significant contributor to global greenhouse gas emissions, with ruminant digestion accounting for approximately 30% of all human-caused methane emissions. Methane is a powerful greenhouse gas with more than 80 times the warming potential of carbon dioxide over a 20-year period. As the world grapples with the urgent need to reduce greenhouse gas emissions to mitigate climate change, solutions like the Methane Tamer™, which can dramatically reduce methane emissions from livestock production, are critical.

As governments around the world increasingly move to regulate livestock emissions, as demonstrated by Denmark's recent announcement of a cattle emissions tax, the search for proven methane reduction solutions such as the Methane Tamer™ is expected to jump sharply. CH4 Global and its partners are well positioned to capitalize on this trend and deliver significant value to investors while making a significant impact on global greenhouse gas emissions.

About CH4 Global CH4 Global is on a mission to deliver gigatonne scale emissions reductions by 2030 using whole dried Asparagopsis seaweed - the safest and most effective way to target methane from livestock production. The company's flagship product, Methane Tamer™, uses Asparagopsis to reduce methane emissions from cattle by up to 90%. Through its innovative EcoPark farming system, CH4 Global is expanding rapidly to meet global demand, ensuring profitability throughout the supply chain without relying on subsidies. The company is headquartered in Henderson, Nevada with operations in Australia and New Zealand. CH4 Global is pioneering a new era of sustainable livestock farming; for more information, visit www.ch4global.com.

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