The_Gman
1 month ago
BluSky Carbon Aims to Increase Footprint in Africa
November 12, 2024
Company executes agreement focused on Joint Venture in Namibia
OLD SAYBROOK, CT/VANCOUVER, BC / November 12, 2024 / BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF) (FWB: QE4 /WKN A401NM) (“BluSky” or the “Company”), an innovative entry into the carbon removal clean technology sector, is pleased to announce that it has executed a preliminary joint venture agreement with Ikigai Carbon Corporation (“Ikigai”), aimed at establishing and deploying future biochar projects in the African Republic of Namibia (“Namibia”).
The project is structured as a 50/50 “Joint Venture” (“JV”) partnership between BluSky and Ikigai under which both parties intend to collaborate regarding project financing, formation of Namibian entities, and securing local partnerships. The partnership will focus on deploying biochar technology and related projects in Namibia utilizing BluSky’s biomass Vulcan pyrolysis technology, operational and consulting services for biochar production, and biomass carbon removal.
Ikigai Carbon is a venture studio dedicated to scaling profitable businesses that transform waste into valuable resources with a focus on creating jobs and delivering socio-economic benefits to local communities.
Ikigai is led by Mr. Steen Rasmussen, an experienced entrepreneur with expertise in the capital markets and in the carbon credits sector. Steen oversaw the growth of CarbonCredits.com to become a leading media platform in the growing sector and among other ventures is helping scale BiocharToday.com to expand their reach, helping teach the world about the hundreds of benefits of biochar.
Ikigai has developed global sector relationships in multiple waste to value chains including Namibia-based Omiti Biochar who are in the process of scaling the removal of waste biomass and turning it into biocarbon products (biochar and biocoal) while generating millions of high-quality Biodiversity Carbon Removal Credits. In addition, the team has developed Ikigai Circular Mining, a program to remediate toxic mining sites using waste biocarbon in a proprietary six-stage process.
Ikigai Carbon’s principal, Steen Rasmussen shares, “Ikigai Carbon is extremely excited to work with BluSky Carbon to help unlock the next stage of our technology roadmap across rural Namibia, with a view to providing co-benefits for the community including, eventually, profit sharing, jobs, access to power and water while restoring degraded land.
Under the agreement, BluSky will provide biomass pyrolysis technology to the partnership or eventual joint entity, maintain proprietary rights to its technology while licensing its use for partnership purposes in Namibia, and work with Ikigai to secure project financing as needed. Ikigai Carbon will lead business development and manage relationships with Namibian government officials, local stakeholders, and operational partners and by maintaining an active role in all aspects of project management, along with collaborating with BluSky in securing project financing.
The resulting joint venture formed under a finalized Joint Venture Agreement (JVA) between BluSky and Ikigai (hereafter, the “Joint Venture”) shall have the exclusive Right of First Refusal (ROFR) for any additional biochar projects or related environmental technology projects initiated by either Party within Namibia.
Will Hessert, CEO of BluSky Carbon comments, “We believe biochar production can be one of the most powerful mechanisms of economic development. To achieve this, we need partners who have built incredible partnerships with local stakeholders. Ikigai has done a tremendous job achieving this so far, and we are excited to continue planning our coming joint facilities in Namibia.”
For more information about the carbon removal opportunity in Namibia, please watch this free informative video interview featuring BluSky CEO Will Hessert: CLICK FOR VIDEO. https://bluskycarbon.com/video-blusky-carbon-namibia/
The_Gman
2 months ago
BluSky Carbon CEO Presents a Case for Climate Tech Optimism
November 8, 2024
OLD SAYBROOK, CT/VANCOUVER, BC / November 8, 2024 / BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF) (FWB: QE4 /WKN A401NM) (“BluSky” or the “Company”), an innovative entry into the carbon removal clean technology sector, is pleased to provide the following letter to shareholders and stakeholders from Company CEO Will Hessert.
A Case for Climate Tech Optimism in Post-Election America
The 2024 U.S. election results sent shockwaves through the climate and climate tech communities. The incoming Republican administration has promised to double down on fossil fuels, plans to roll back environmental regulations, and threatens to eliminate many of the incentives and funding programs that have benefitted climate action.
The climate technology industry must now confront a landscape potentially stripped of safeguards and incentives.
In the face of this, I will do something that is almost heretical in climate technology circles right now: I will make the case for optimism.
The Long Game
When we initially founded BluSky Carbon, we created the company with one principal mission in mind: remove carbon dioxide from the atmosphere to reverse climate change.
Our team has prioritized reducing greenhouse gases in the atmosphere to avoid the worst potential effects of climate change. We have dedicated the past few years to developing and advancing technologies towards this aim.
While we have an idealistic mission, BluSky has a culture of pragmatism. And pragmatically, we know that the future climate will not always be a top priority.
How should governments balance current prosperity with future climate goals? How should nations prioritize the need for energy security versus the need to decarbonize? How should nations choose between fiscal responsibility and properly funding climate action?
Different governments at different times will answer these questions differently. Democrats and Republicans have different and ever-shifting perspectives on national priorities.
And that’s the source of what I believe to be a hard truth that remains true not just for climate technology, but all businesses:
If you are building a business that, in order to thrive, requires a certain political party to be in power, you are not building a great business.
I believe carbon removal will be a multi-trillion-dollar industry by 2050 regardless of this election’s outcome. But the key to owning a major portion of that multi-trillion-dollar pie, and making a global impact, is to be around long enough to earn the gains.
And thankfully, in the past year, our mission has evolved from just simply carbon removal. Our new mission is, I believe, largely insulated from political cycles and hopefully provides a pathway for climate technology to thrive in the coming years.
Evolution
We started BluSky Carbon solely focused on removing carbon dioxide from the atmosphere. In the early days, we experimented with crudely built algae bioreactors that we kept in our homes (which, thankfully, our significant others allowed). We went down many carbon dioxide removal (CDR) rabbit holes looking for solutions.
As we researched and experimented with different approaches, we realized that biomass pyrolysis – taking organic waste and converting it into stable carbon – was the best approach.
We made pyrolysis our foundational technology because:
It produces energy while other CDR processes can consume massive amounts of energy
It uses abundant waste streams as a feedstock, which greatly helps the economics and value proposition
It produces a valuable product as its end result: biochar
Biochar is the end state of organic waste that runs through biomass pyrolysis. The biochar locks away carbon for thousands of years. And in our tunnel-vision dedication to the mission of carbon removal, that was all we cared about.
But what we were missing, and what we subsequently discovered was that biochar has the potential to be the most important agricultural and industrial material of the 21st century.
As biochar is utilized, its unique properties help keep land and water clean. Biochar prevents fertilizer from running off into waterways, preventing algal blooms that decimate ecosystems. Biochar particles can trap contaminants like heavy metals, pesticides, and microplastics.
On top of that, biochar can be a major industrial feedstock. Biochar can be added to concrete to increase its strength. It can be added to asphalt to improve resilience. It can help reinforce plastics and polymers. It can be used in steelmaking. It can even be upgraded into strategically valuable materials like graphite.
The world is shifting to prioritize local agriculture and manufacturing. It’s an incredible valuable proposition to provide nations the capability to convert their waste into their own industrial feedstocks and into a tool that can supercharge their agriculture.
That is why BluSky’s mission has evolved beyond just removing carbon, Our mission is to advance human prosperity by advancing climate technology.
And that mission provides us with a framework to navigate in the days ahead.
The Path Forward
The greatest companies are always dreams forged into reality by the fires of capitalism. Microsoft® and Apple® were started with the dream of democratizing computing. Google® was started with the dream of making the world’s information universally accessible. SpaceX® was started with the dream of making human civilization multi-planetary.
Businesses are vehicles to make dreams a reality. But to exist in reality, a business has to be capable of generating returns for shareholders and providing a product or service people truly want.
That is, in my opinion, the path forward for climate technology: if you create incredible technologies that have a benefit beyond the climate, your company will thrive regardless of the political or cultural moment you exist in, and you will have a far great chance of fulfilling your climate-oriented mission.
Tesla® sought to electrify transportation. They did not just simply build electric vehicles. They built and continue to build cars that many consumers find superior to their fossil-powered competition.
Patagonia® sought to promote sustainable and ethical of apparel. They did not just simply make outdoor apparel. They made high-quality, durable, popular products that outperformed their fast-fashion competition.
Likewise, BluSky seeks to remove atmospheric carbon dioxide. But, we seek not simply to remove carbon. We seek to produce incredible products that form the bedrock of a future economy.
This vision, I believe, gives us adaptability in the days ahead. In certain political climates, we will use deregulation and pro-business environments to work towards expediting the growth and deployment of climate technology. In other climates, we will work towards using climate policies and subsidies to advance climate technology.
Regardless of what happens politically in the United States, we will remain dedicated to not just the climate, but to American agriculture, American industry, and American energy.
And we will share this technology and dedication with every corner of the globe that will have us.
To end on a personal note: I have recently spent a lot more time involved in policy and governance. With my role on the board of the US Biochar Coalition, I have met with key administrators and regulators in the federal government.
While truth is often defined by data points and graphs, sometimes there are deeper truths found in vibes: and the vibes of both parties, especially the young and upcoming leaders in both parties, is that it is time for America to build. It is time for America to create. It is time for America to accelerate.
And I am excited to build.
On behalf of myself and the entire BluSky team we wish the new government success in their mission to serve the American people. We will be working to do our part as well.
Sincerely,
Will
William Hessert
Chief Executive Officer
BluSky Carbon Inc.
The_Gman
2 months ago
BluSky Carbon Joint Venture Inks Binding LOI’s for Biochar Projects in Orlando and Tanzania
November 6, 2024
OLD SAYBROOK, CT/VANCOUVER, BC / ACCESSWIRE / November 6, 2024 / BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF) (FWB: QE4 /WKN A401NM) (“BluSky” or the “Company”), an innovative entry into the carbon removal clean technology sector, is pleased to announce that its recent joint business venture, doing business as BluMountain Carbon (see the Company’s press release dated October 11, 2024), has entered into preliminary agreements with two commercial prospects focussed on earning Carbon Credit revenues through BioChar production in Orlando, Florida and the United Republic of Tanzania. The terms of each agreement are described below.
TANZANIA PROJECT
BluMountain has entered a binding Letter of Intent (“LOI”) with Carbon Market Exchange Inc. (“CMX”) to collaborate on the development and operation of biochar production facilities utilizing local biomass feedstock provided by an existing agreement (to which CMX is a party) with a regional growers’ association and other parties in Tanzania. The intention is for the facility to utilize BluSky Vulcan pyrolysis equipment, operational and consulting services to produce biochar, carbon removal credits, bio-oils and other products.
The LOI contemplates an exclusive relationship between the Company and CMX in regard to biochar production, bioenergy production, and biomass carbon removal (BCR) in Tanzania. The LOI is structured such that BluMountain would receive 66.67% of any net profits, and CMX would receive 33.33%, subject to adjustment if CMX fails to secure a formal deal with the regional growers’ association or does not otherwise fulfill its contractual obligations, as reasonably determined by BluMountain.
CMX is a U.S.-based Delaware Corporation with primary operations in North Carolina and Michigan, USA, hosting an expert team and growing number of field offices worldwide. Led by CEO Shenna Fortner, the organization aims to develop innovative carbon offset programs to bridge the gap between environmental law, climate finance, and cutting-edge technology. Carbon Market Exchange Ltd was established in 2021 from the efforts of a group of environmentalists and finance executives aiming to bring together the financial industry and climate action in a way that makes meeting the international climate targets more accessible for companies and more supportive for conservationists. To date, CMX has led the development of carbon offset programs in Belize, Brazil, Tanzania, and Indonesia. In Tanzania, CMX is uniquely positioned to meet the rapidly growing demand for carbon offsets through a project which encompasses over 2.6 million acres of agroforestry, coastal ecosystems, and coral reefs.
“We are excited to work with BluMountain to bring biochar and regenerative agriculture solutions to Tanzania’s agricultural industry,” said Shenna Fortner, CEO of Carbon Market Exchange. “This collaboration represents a significant step toward sustainable development in Tanzania, helping to enrich soil health, support local communities, and capture carbon at scale.”
ORLANDO PROJECT
The project is structured as a 50/50 “Joint Venture” (“JV”) between BluMountain and Neutralizing Environmental Trash Inc. (“N.E.T. Inc.” or “NET”) under which BluMountain is to provide Vulcan pyrolysis equipment, operational and consulting service for biochar production, bioenergy production, and biomass carbon removal under the business joint venture brand “NET of the Villages LLC,” proposed to be located in the Orlando, Florida area. Local wood waste has been identified by NET for use as feedstock to service the estimated 50,000 tonnes of annual carbon removal projected from the venture.
NET is focused on converting waste biomass into biochar as a carbon-negative soil amendment to enrich soil health, reduce greenhouse gas emissions, and promote sustainable agriculture. Headquartered in Medford, Oregon, NET is led by President Nicolaas Vanderwey with over three decades of experience in the recycling and environmental sustainability industry, and Senior VP, Development, Misty Burris who oversees strategic planning, financial management, and also serves as President of CO2 Trust, a carbon credit marketplace.
Misty Burris, Senior VP of N.E.T. Inc. and President of CO2 Trust comments, “Our partnership with BluMountain signifies a leap forward in demonstrating the transformative power of biochar as a solution for climate resilience. With this joint venture, we’re not only advancing carbon sequestration but also fostering sustainable practices that strengthen local economies and ecosystems. This collaboration reflects our commitment to innovation, community engagement, and meaningful environmental impact.”
BluSky CEO, Will Hessert notes, “The creation of our BluMountain joint venture is kicking off with some great opportunities. The team at CMX are very professional and exciting to work with, as are the dynamic folks at NET. With the carbon price index as fixed by NASDAQ collaborator PURO.earth currently sitting above €120 (~130USD), these projects hold great promise. It’s particularly gratifying to pursue projects that are aimed not only at removing carbon, , but that may also provide biochar products to localized agricultural initiatives that could lead to positive economic impacts including food production stability and job creation.”
“The usefulness of biochar is becoming increasingly understood by the public and we believe this will help drive the need to deploy internationally to meet the increasingly important need to remove carbon at an unprecedented scale,” continues CEO Hessert. “Our “building-block” approach is designed for cost effective scalability to achieve gigatonne capacity, so we will continue to relentlessly advance our plans to seek out potential partners including governments, corporations, and investors to help us achieve global carbon neutrality in our lifetime. We look forward to more exciting opportunities from the BluMountain venture as we look forward to 2025 becoming a breakout year for Blusky.”
About BluMountain Carbon
BluMountain Carbon (“BluMountain”) is a business venture (“Joint Venture” or “JV”) of BluSky Carbon and Texas-based Red Mountain Biochar, LLC (“Red Mountain”) to commercialize multiple potential biochar offtake and project financing opportunities for the benefit of BluSky and Red Mountain with a particular emphasis on the (i) production and processing of biochar, (ii) deployment of carbon removal technologies, and (iii) exploration and deployment of opportunities in related industries and technologies, as well as other commercial opportunities that the Joint Venture may identify from time to time. Please see the Company’s press release dated October 11, 2024.
About BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF) (FWB: QE4 /WKN: A401NM)
BluSky is a renewable energy company that is in the business of putting Carbon back into the ground – where it belongs! The Company converts organic and industrial waste into biochar, renewable power and carbonate rocks, as well as the development and sale of carbon capture technology. BluSky’s primary objectives are to (1) construct carbon removal equipment; (2) sell the biochar produced by the carbon removal equipment; and (3) sell carbon credits ?generated from the production of biochar. The Company’s business model is based on the growing need for carbon neutrality and demand to reduce CO2 emissions.
BluSky Carbon is publicly listed in Canada on the CSE with the trading symbol BSKY, on the OTCQB as BSKCF, and in Frankfurt, Germany (FWB) with the identifier QE4. BluSky’s public filings and related documents are available on the Company’s profile page on SEDAR+ at www.sedarplus.ca. For more information about the Company, please visit https://bluskycarbon.com/, watch our video, and sign up to receive news alerts or join us on social media at Facebook, X (formerly twitter), Instagram, or LinkedIn.
The_Gman
2 months ago
BluSky Carbon Commences Biochar Production in Arkansas
October 29, 2024
https://investorshub.advfn.com/secure/post_new.aspx?board_id=43717
OLD SAYBROOK, CT/VANCOUVER, BC / October 29, 2024 / BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF) (FWB: QE4 /WKN A401NM) (“BluSky” or the “Company”), an innovative entry into the carbon removal clean technology sector is very pleased to announce that it has commenced production of biochar at a dedicated facility in Arkansas. The event marks the official startup of initial biochar production aimed at servicing the recently announced $105 million, ten-year supply agreement (see Company news release dated Sept 24, 2024) (“Supply Agreement”).
A video showing the equipment start-up and providing some insights into the facility, the region, and BluSky’s strategic plan is available on the corporate website: click here. https://bluskycarbon.com/video-blusky-carbon-biochar-production-in-arkansas/
The startup of the Vulcan Heavy system at this location represents the first of three units required to service the totality of the Supply Agreement. Once the other two units are procured and fully operational (see news release dated September 24, 2024), these machines are expected to produce a combined output of approximately 40,000 tons of biochar annually. It is also expected that production byproducts such as bio-oil and syngas may help reduce the Company’s overall production costs by providing some of the energy required to power the Vulcan systems, potentially along with surplus power capacity to contribute towards operating BluSky’s related carbon removal technologies (CDR) including its Medusa Carbon mineralization process and Kronos Direct Air Carbon Capture technology.
The inaugural production plant has been dedicated as “AR1“ and is located at 110 Industrial Park Drive in Warren, Arkansas. The facility consists of a multi-room 50,000 sq/ft enclosure located on an 8.54-acre property. Warren services an established sustainable timber industry with a strong presence in the town and surrounding area. Nearby softwood wood chip production (mostly yellow pine) serves as a nearly limitless source of clean biomass feedstock for the BluSky Vulcan Heavy pyrolysis systems.
BluSky CEO Will Hessert comments, “The facility is ideally suited for scalability. We have ample room for the three Vulcan Heavy units as required to service our initial regional contract, with additional room to double that production without the need to create more space. The property itself is large and well suited to handle industrial scale logistics and storage needs.”
Managing logistics was an important factor in determining the suitability of the AR1 location. Large scale access to clean biomass combined with ready access to agricultural end-users enhances the overall efficiency of the operation by limiting transportation costs for both feedstock and offtake.
From a human resource perspective, BluSky is delighted that the Warren area boasts an excellent, skilled and motivated talent pool to draw from and looks forward to working closely with the community.
CEO Will Hessert concludes, “We are very excited to get this project underway. Gigatonne-scale carbon removal cannot happen without industrial-scale carbon removal projects. The Warren AR1 operation showcases our ability to rapidly deploy large-scale CDR facilities. Additionally, we intend to grow the project by showcasing the potential opportunities which we believe will attract local, regional and even global interest. Beyond the immediate goals, we intend to use AR1 as a research facility to test novel technologies we hope to unveil in the months ahead. Its extremely gratifying to build a project that moves our business forward while helping address a global issue. We are proud of what we are doing here today and look forward to building a successful venture on the back of this launch today.”
The_Gman
2 months ago
BluSky Carbon Signs Master Services Agreement with Scotia BioChar
Agreement paves the way for deployment of Biochar Pyrolysis Equipment in Eastern Canada
https://www.accesswire.com/935488/blusky-carbon-signs-master-services-agreement-with-scotia-biochar
OLD SAYBROOK, CT/VANCOUVER, BC / October 25, 2024 / BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF) (FWB: QE4 /WKN A401NM) (“BluSky” or the “Company”), an innovative entry into the carbon removal clean technology sector is pleased to announce it has entered into a master services agreement (the "Agreement") with Scotia BioChar Inc. ("Scotia") pursuant to which Scotia may, from time to time, issue statements of work (“SOW”) for provision by the Company of manufacturing equipment and/or professional consulting services relating to the production of biochar.
Scotia BioChar is headquartered in Bedford, Nova Scotia, Canada and aims to become a producer of high-quality biochar from waste wood biomass found in central Nova Scotia. Several regional biomass sources are available, including the approximately 20 million tonnes of trees blown down during Hurricane Fiona (2022).
The Agreement has an initial term of one (1) year, during which Scotia shall have the ability to issue SOWs, with each SOW indicating the type of work/service sought by Scotia from the Company, and the anticipated remuneration for the same. Under the terms of the Agreement, Scotia is obligated to deal exclusively with the Company with respect to the provision of equipment and services as contemplated by the Agreement, and the Company shall have the ability to accept or object to any particular SOW.
By utilizing the pyrolysis technology and services to be provided by BluSky under the Agreement, Scotia intends to generate biochar for use in applications such as: mine reclamation, chemically contaminated site remediation; agriculture crops and livestock; asphalt and concrete; as well as wastewater and water treatment.
Scotia is led by Liz MacKenzie (Co-Founder and President), who has successfully advanced projects from concept through comprehensive business and financial models. Additionally, Ms. MacKenzie has secured funding from both government and private sector sources. To date, she has committed up to $3.6M of capital financing for Scotia’s various projects. She has served as the VP Business Development for Grand River Ironsands, Inc, and as a Board Member of the Halifax Regional Municipality.
Co-Founder, Vice President and a Director of Scotia BioChar Inc., Mr. Francis MacKenzie, is an experienced entrepreneur and serves as President of several industrial projects that collectively represent approximately $50 million (CAD) invested to-date, including Pure Fonte Ltée, a private company focussed on low carbon production of cast iron, a key raw material required by electric arc furnace (EAF) steel mills in North America, and Labrador Sands Inc., focused on its confirmed feldspar grade, separation process and business model to strengthen concrete and reduce its carbon footprint.
Liz MacKenzie, President of Scotia BioChar Inc. states, “I am delighted to have the opportunity to work with the BluSky team as we advance towards industrial scale biochar production in Eastern Canada. The opportunity is significant and a win-win for regional industries and the environment. The BluSky technology is a great fit and we can’t wait to get a Vulcan system deployed in Novas Scotia.”
BluSky CEO Mr. Will Hessert states, “The Scotia Biochar team has been diligently working towards deploying a biochar production facility in Nova Scotia. On that journey, they’ve become incredibly knowledgeable about biochar production technologies, byproducts, and more. We are honored that they have given their faith in BluSky, both in our technology and our expertise. Exciting times and a great opportunity for Nova Scotia”.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Ask ADVFN Intelligence (AI)
Hot Features
Premium
