CES 2023 is the first day of trading cattle carbon credit
SEATTLE, Jan. 4, 2023 PRNewswire — A bold vision and technology that will achieve carbon neutrality in the livestock industry is being displayed by a company responding to the global climate crisis. Melliens Inc’s Livestock Carbon Monitoring & Carbon Credit Sharing Platform enables beef producers to generate and sell carbon credits for practicing less carbon intensive agriculture than the current industry standard.
“The Cow Carbon platform reliably produces carbon credits based on inputs. We are proud to offer a technology that promotes a cleaner and healthier environment,” stated Dr. Lee Hakkyo Melliens Founder and Professor, Joenbuk National University.
For a net-zero future science-based, sustainable, innovative action is required. Melliens is the first Climate Technology company to monitor and trade carbon credits accumulated in carbon markets.
Our home planet is in danger. Global GHG emissions are 24% attributed to the agricultural sector. Cattle GHG emissions, which are 10% in 2020, are the most urgent agricultural emissions problem. They could account for 40% of agricultural emissions by 2050, if they aren’t reduced.
It is difficult to determine the carbon footprint of beef products because of biological variation in cattle and falsifiable or inaccurate data. Additionally, it is expensive to measure. This makes it impossible to calculate individual beef GHG emissions.
Melliens developed the cowcarbon platform in order to solve this problem. This platform service measures and verifies reduced carbon emissions and generates carbon credit in real-time. Carbon credits can be purchased by anyone. Profits are shared with beef suppliers.
Venture capital has reacted accordingly. Salim DadaConcord Ventures CEO and Managing Director, John Mellins stated that: “Melliens builds a connection between beef producers and the tech world to benefit from trading accumulated CO credits in voluntary carbon market”
Melliens encourages carbon credit buyers to save the earth. Tokenizing carbon credits plays an important role in encouraging the participation of consumers and the general public to profit-share with livestock farmers. It creates a commodity that can be traded and makes it transparent to all. Soon, the first tokenized cowcarbon will be available.
Melliens is determined to reduce the beef carbon footprint by 50% to the world average by 2030. It also works to build a healthy beef industry ecosystem through science and open innovation.
About Melliens, Inc.
Melliens was incorporated in 2021 as a result of 10 years of R&D and $56M Government investments
Melliens was founded by professors to commercialize the technology of the Jeonbuk. National UniversityLINC3.0 Project Group.
Melliens US Headquarter located in Kirkland, WA with R&D center and Korean HQ in Jeonju, South Korea. A team of outstanding scientists and PhDs in big data, bioinformatics and business are leading the company. Melliens US is a company led by Ms. Teresa Park, she was former M&A advisor who has experience at the investment banking industry.
Oct. 2022, Melliens has joined an international network of people and organizations powering progress in beef sustainability – the Global Roundtable for Sustainable Beef (GRSB). Melliens joined GRSB along with JBS, Tyson and Rabobank to improve sustainability in the global beef supply chain.
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SOURCE Melliens