StratX raises $1.19M to tackle landfill methane with living biocovers
StratX, a climatetech company specialising in greenhouse gas reductions from landfills, has raised $1. 19 million in a funding round led by Neglected Climate Opportunities (NCO) with participation from... StratX combines methane-oxidising biocovers with proprietary measurement tech to reduce emissions from uncovered landfills while generating carbon credits for local governments and communities.
Key Takeaways
- 19M to tackle landfill methane with living biocovers StratX combines methane-oxidising biocovers with proprietary measurement tech to reduce emissions from uncovered landfills while generating carbon credits for local governments and communities.
Cate Lawrence 2 hours ago Share Share Send email Copy link StratX , a climatetech company specialising in greenhouse gas reductions from landfills, has raised $1.
- Uncovered landfills and dumps across the Global South are significant contributors to global warming, releasing massive quantities of methane and toxic gases.
Beyond their climate impact, these sites pose risks to surrounding communities with air pollution, contamination of water supplies and sources of disease.
- Unlike traditional containment methods that require heavy investment, StratX's model is designed to convert older landfills into profit centers for municipalities.
The company implements the technology at no cost to the landfill operator or local municipality and shares top-line credit sales revenues with operators, host governments and local communities.
- " The pilot projects will focus on strategic locations currently being assessed in Africa and South America, including in Tanzania, Colombia and Chile.
The pilots will show how StratX's technology and business model can turn environmental liabilities into revenue-generating assets.
- Biocovers offer an effective solution that can be implemented today, and we look forward to seeing them in action at more waste sites as novel business models put financing within reach.
Stats & Key Facts
- #StratX, a climatetech company specialising in greenhouse gas reductions from landfills, has raised $1.
- #19 million in a funding round led by Neglected Climate Opportunities (NCO) with participation from...
- #Cate Lawrence 2 hours ago Share Share Send email Copy link StratX , a climatetech company specialising in greenhouse gas reductions from landfills, has raised $1.
- #19 million in a funding round led by Neglected Climate Opportunities (NCO) with participation from CarbonFix and an initial purchase commitment from Terraset.
StratX combines methane-oxidising biocovers with proprietary measurement tech to reduce emissions from uncovered landfills while generating carbon credits for local governments and communities. 19M to tackle landfill methane with living biocovers StratX combines methane-oxidising biocovers with proprietary measurement tech to reduce emissions from uncovered landfills while generating carbon credits for local governments and communities. Cate Lawrence 2 hours ago Share Share Send email Copy link StratX , a climatetech company specialising in greenhouse gas reductions from landfills, has raised $1.
19 million in a funding round led by Neglected Climate Opportunities (NCO) with participation from CarbonFix and an initial purchase commitment from Terraset. NCO is the Grantham Environmental Trust's venture capital vehicle. The startup was developed with support from Deep Science Ventures .
Uncovered landfills and dumps across the Global South are significant contributors to global warming, releasing massive quantities of methane and toxic gases. Beyond their climate impact, these sites pose risks to surrounding communities with air pollution, contamination of water supplies and sources of disease. StratX's proprietary landfill cover technology provides a nature-leveraged, scalable solution to these challenges.
For more details please read the original article at Tech.eu.
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