Malone Group has been appointed international project partner by Pond Technologies Inc. in Markham, ON. This was announced alongside Robert Troy T.D., Minister of State with responsibility for Trade Promotion, Digital and Company Regulation during an Enterprise Ireland and IDA Ireland trade mission to Toronto.
Pond designs and operates scalable bioreactors that use industrial greenhouse gas emissions to cultivate algae and other valuable biomass, to effectively close the carbon loop, aiding industries in the shift towards a low-carbon economy.
President & CEO at Pond, Grant Smith, said: “This collaboration with Malone comes at an extremely important time for Pond on the heels of the most significant milestones achieved to date with respect to the validation of our robust technology from multi-billion-dollar international organizations. The vertically integrated model we utilize to enable industries to monetize their waste emissions, reduce their carbon footprint and create sustainable products, is garnering much interest globally and Malone Group will greatly assist us in our commercialization efforts.”
