Theres broad agreement among climate scientists that in addition to slashing emissions, the world needs to figure out ways to begin rapidly drawing down vast amounts of carbon dioxide to address the rising dangers of global warming. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. Running Tide founder and CEO Marty Odlin commented: "We are deeply grateful for the support of our Icelandic partners, the Icelandic government, and the Icelandic people in developing, deploying, and scaling solutions that will combat climate change and improve lives, both here in Iceland and around the world." . The overwhelming scientific consensus is that seaweed cultivation presents one of humankind's most promising ocean [carbon dioxide removal] pathways, as asserted in last years National Academies report, he wrote. We need carbon removal., Carbon removal is a measurable attribute of a fully accounted supply chain defined as the intentional net movement of fast carbon to the slow carbon cycle., Fixing carbon in the fast carbon cycle is only part of the equation; for carbon removal, you must take the next step of transferring that carbon in the fast carbon cycle back to the slow carbon cycle. Carbon capture and sequestration, or CCS, is hardly the term that rolls off the tongue at dinner parties even in the age of increasing unnatural disasters. Go-to place to discover events for more than 20M people globally. Adam Baske (left) and Capt. Olivia Mercier runs the kelp hatchery at Portland's Running Tide Technologies. In an interview and email to MIT Technology Review, Marty Odlin, CEO of Running Tide, said the company is taking environmental impact seriously and rejected the claims that the startup had difficulties in its initial field efforts and that it lost a number of scientists. What does it mean to be a trustee? Marty Odlin - CEO and Founder @ Running Tide - Crunchbase Person Profile Person Marty Odlin Overview Number of Founded Organizations 1 CB Rank (Person) 20,470 Primary Job Title CEO and Founder Primary Organization Running Tide Location South Portland, Maine, United States Regions East Coast, New England, Northeastern US Gender Male While the heart of Running Tide will always beat from Casco Bay, we are stoked to be building our first global research and development base in Iceland. But some observers fear that a Silicon Valley mentality is taking hold in the carbon removal field, as climate concerns and financial rewards drive startups to rapidly test, tweak, pivot, and scale. But. Marty Odlin, the boat captain's nephew and the CEO of Running Tide, explains the company's mission. . Indeed, considerably less carbon may stay in the deep ocean for 100 years or more than has generally been assumed, a study released this week from the UKs National Oceanography Centre found. A proprietary system remotely monitors the microforests, quantifying kelp growth, carbon content, and sinking locations. More research is also required to know how much carbon stays sequestered, for how long, in varying locations and conditions, even when kelp does reach the bottom, she says. Fred Bever/Maine Public They either didnt respond to inquiries or declined to comment for this piece. The Potential Advantages Last Update. Odlin, whose family has been in the commercial fishing business for generations, founded the company in 2017. "We're just fishing for carbon now, and kelp's the net," he says. This also prompted internal concerns over the potential ecological effects. Right?. It also promised to find ways to remove all the CO2 its operations have put in the air since it was founded. Odlin said there was never a plan to sink wood on its own and replied no when asked if the company has proposed adding nutrients to the ocean. All their eggs are external, and those booms come when the chemistry of the ocean is just right for that species, he said. New ways to recover the crucial metals in batteries could make EVs more affordable. We build IoT sensors and advanced automation systems. At the heart of the project lies kelp, a variety of large, brown seaweed recognized for its ability to rapidly absorb carbon dioxide, the heat . Critics, however, fear that as more companies develop net-zero emissions plans, the public relations and financial incentives are pushing players on all sides of this market in a single direction: toward developing, funding, accrediting, selling, and buying as many carbon credits as possible, even if some of the practices have questionable benefits or could inflict environmental harms. Marty Odlin. That said, scaling up Running Tide's operation depends on what the data says from their ongoing experiments. 2017. On the private sector side, Canadian e-commerce giant Shopify is among the tech companies pledging to prepurchase $1 billion worth of carbon credits from startups like Running Tide, with the hope that other corporations will follow. On a recent day in the Gulf of Maine, boat captain Rob Odlin says the task itself isn't much different from any other in his seafaring career, whether chasing tuna or harvesting lobster. Ocean Visions and Running Tide Convene an Independent Scientific Advisory Board, White Paper: Carbon Removal Is Mass Transfer From Fast to Slow Carbon Cycles, Honoring Our Veterans and Engaging Them in the Fight Against Climate Change, human beings have moved more than 1.5 trillion tons of carbon, The ocean is the single largest sink of anthropogenic carbon. Running Tide Well, it is no secret carbon emissions caused by human activity are accelerating climate change. But he also started thinking about how to stop the damage in the Gulf of Maine, one of the fastest warming bodies of water on the planet. Our next guest has come up with a pretty creative way to capture some of those . A proprietary system remotely monitors the microforests, quantifying kelp growth, carbon content, and sinking locations. Moreover, the ocean's biological carbon pump is the Earth's most powerful carbon removal technology, naturally moving >2 billion tons of carbon from the fast to the slow cycle every year. Running Tide's innovative portfolio of nature-based solutions include open ocean carbon removal to sequester and store carbon in the deep ocean while naturally fighting ocean acidification and regenerative aquaculture to . 2023 Cable News Network. We are continuing to invest significant time and resources into agronomy, and still firmly believe that macroalgae can play an important role in durably removing carbon at climatically relevant scales, he wrote. -- CEO Marty Odlin, https://cdn-az.allevents.in/events9/banners/986131e0-7c83-11ed-9fac-1d5ca8bea482-rimg-w720-h720-gmir.jpg, We'll find event recommendations just for you. The report, which evaluated six marine-based carbon removal approaches, said there was medium confidence in the efficacy of seaweed cultivation. Jyri Engestrm's Post Jyri Engestrm Investor and Partner at Yes VC 3d I'm from a multi-generation commercial fishing family, and decided to found Running Tide after experiencing the devastating impacts of climate change on our fisheries and local environment. This is hard work. But Running Tide struggled to grow kelp along rope lines in the open ocean during initial attempts last year and has lost a string of scientists in recent months, sources with knowledge of the matter tell MIT Technology Review. Were doing this because were terrified by what were seeing, he says. Pro tennis player returns to Hanover to train with Big Green coach Bob Dallis. The ocean is the is like the womb for fish. Running Tide's Marty Odlin said it will take a World-War II level mobilization to remove a major chunk of some 200 years' worth of humanity's CO2 pollution, whether via his model or any . What does it mean to be a trustee? Discover special offers, top stories, In a patent filing last year, the company described a floating apparatus that could be seeded with gametophytes or spores of macroalgae and enhanced with a nutrient payload that could release iron oxide into the water. That may amount to a form of ocean fertilization, a concept that sparked public criticism and prompted the creation of international regulations a decade ago. Moving biomass from a short-term carbon cycle to long-term storage in the deep sea results in net negative CDR and best-in-class mass transfer ratios. They all swam to Iceland.. But if humanity hopes to maintain a livable planet, science agrees that billions of tons of CO2 must be removed from the air and ocean and locked away, ASAP. First on CNN: DOE announces multibillion-dollar project to kickstart a carbon dioxide removal industry in US. What's LinkedIn for? Companies might sink a bit of carbon to the seafloor, but a lot of it will get broken down and remineralized along the way, Hurd says. We have no idea what happens when we scale this up.. Just over a year later, Running Tide and its fisherman/CEO is among the finalists. Eat more oysters. Running Tide and other companies hope to dramatically scale up this process by cultivating kelp or other types of algae on floats in the deep ocean. Not just because the water is so warm that they are finding more and more Caribbean trigger fish in lobster traps, but because every ton of fossil fuel burned also makes the sea more acidic. Thu, Feb 2, 2023 12:30 PM GMT (+00:00) 0 - 10. And on Earth Day 2021, Tesla CEO Elon Musk announced his $100 million XPRIZE for carbon removal. Carbfix fangar kolefni og dlir v niur berglg. Natural ocean mixing patterns might replace a significant amount of the dissolved inorganic carbon taken up by kelp, or shift waters away from the surface, among other factors that can come into play. Odlin and his team harvest kelp that they grow on buoys, then sink these carbon-rich biomasses deep in the sea. Towering banks of fans that can pull CO2 from the sky. Well, it is no secret carbon. Running Tide slendingar tta sig ekki hrifum nskpunar sinnar. And I was like, What am I going to do about that? And you either give up or you get kind of mad, you know?. Running Tide already has created first-of-its-kind data recorders that . But Running Tides macroalgae-sinking plans have generated the most attention. ), recuerda cmo sola ser el ocano. To learn more about our ocean based carbon removal process and details, check out our whitepaper. Developing such systems and providing nutrients at sea could both add costs and complexity, and the latter could give rise to legal challenges and public pushback, as early ocean fertilization efforts did. Thats equivalent to more than 60% of the global coast, and it would occupy an area nearly the size of Ireland. Guest author Marty Odlin, Running Tide CEO, is a third generation fisherman and engineer by training. The hope is that growing and sinking more kelp or other sorts of seaweed will sequester additional tons of carbon dioxide that can balance out ongoing company emissions or otherwise help the world draw down some part of the billions of tons that may need to be removed to keep global temperatures in check in the coming decades. Running Tide is deploying and testing free-floating microforests in the open ocean to sequester carbon before sinking into the deep ocean for durable storage. At least several of the departures were due, in part, to concerns that the companys executives werent paying sufficient attention to the potential ecological effects of its plans. One startup in Maine has a vision that is drawing attention from scientists and venture capitalists alike: to bury massive amounts of seaweed at the bottom of the ocean, where it will lock away carbon for thousands of years. Tendencia The New York Times Marty Odlin, quien creci y vive en la costa de Maine (EE.UU. For starters, reaching a big enough scale to significantly affect the climate will require dedicating a vast amount of ocean to seaweed farming. "So the kelp will sink to the ocean bottom in the sediment, and become, essentially, part of the ocean floor," Odlin says. A host of startups are pursuing a variety of novel ways to produce or sell the credits, backed by venture capital investments and hefty fees for each ton of carbon putatively sucked up and stored away. Running Tide Founder Marty Odlin, a Dartmouth graduate and engineer whose family includes generations of fishermen, is working with a team of engineers, software developers, oceanographers,. Having conducted tests on this solution's ability to remove carbon for 18 months, Odlin expressed confidence that "sinking kelp forests can get to megatons very quickly relative to other technologies." That said, scaling up Running Tide's operation depends on what the data says from their ongoing experiments. Years ago, when my familys own fishery business was struggling, we realized we had to look outside our local community to find new best practices to meet the changing demands of the market. The ultimate goal is that it will stay there, sequestrated for millions of years, turning back into oil. Adam Baske (left) and Capt. Philip Boyd, a professor of marine biogeochemistry at the University of Tasmania and lead author of an April perspective piece in Nature Ecology & Evolution that modeled the effects of Running Tides proposal, says that the field doesnt have anywhere near the scientific knowledge necessary for companies to move ahead with these concepts. Odlin. The common framework for defining the problem of our changing climate as: Burning Fossil Fuels = > CO PPM increase in atmosphere = > Warmer Planet = > Bad, This atmosphere-centric problem statement is not wrong it is just incomplete. The ocean is the single largest sink of anthropogenic carbon. Neither kelp nor shellfish farming compete for land or coastal space and the unavoidable by-products of both are the restoration of marine habitats and large-scale carbon removal. "Collaborations between academia and our team will expedite our goal of removing carbon dioxide on the gigaton scale in the coming years." PORTLAND, Maine (PRWEB) February 09, 2021 The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. The oceans dont necessarily suck up an equivalent amount from the air. High-tech carbon-removal innovations are emerging around the world. 2018. OpenAir is a grassroots volunteer collective dedicated to advancing carbon removal technologies through collaborative policy advocacy and research and development projects. And I think that its pretty clear that thats just due to how drastically weve altered the chemistry of the ocean. 2022 Ocean Visions, Inc. All Rights Reserved. We conduct multiple research deployments into international waters. The business says its aquafarming operations, which include producing shellfish, can help rehabilitate marine habitats. Eat more oysters. This week we are pleased to welcome Running Tide CEO Marty Odlin back to This Is CDR to tell us what's new at the company since he was last with us in November 2021, and what we can expect to see from Running Tide in 2023 and beyond. It's modeling whether, for instance, a multitude of free-floating micro-farms could entangle whales, hinder shipping, or foul beaches. This is perhaps the most consequential mass transfer in human history. It's a big risk. Kill Godzilla. Try refreshing this page and updating them one E1122: Running Tide CEO Marty Odlin is helping solve the Climate crisis by using kelp to sequester carbon in the ocean, shares insights on generational shifts in climate response & more This Week in Startups Technology Check out Running Tide: https://www.runningtide.com FOLLOW Marty: https://twitter.com/martyodlin Leader of the Strategy & Corporate Finance Practice in the United Kingdom; helps public- and private-sector clients set sustainable strategies and modernize organizations By Mark Patel Advises clients across sectors on sustainability with a focus on climate technologies; leads client work across industrial, high-tech, and semiconductor sectors Our next guest has come up with a pretty creative way to capture some of those . Our planet is broken and every path to fixing it requires restoring ocean health. Running Tide Profile and History . Among other risks, the kelp could outcompete phytoplankton communities that already remove vast amounts of carbon and form the foundation of marine food chains that support global fisheries. Running Tide executives have been dismissive of concerns raised about the potential impacts of these efforts, both by people within the company and by outside academics, these sources say. Its burning forests down. Heal the ocean. We open our shellfish hatchery in North America. At first it was just Odlin and a friend sitting on buckets and noodling engineering ideas on a white board they found by the road. Share Running Tide Update: What's New in 2023? Odlin spent his childhood on fishing boats in Maine, where he saw kelplots of italong the rocky Atlantic shoreline. Staff exits in recent months, according to LinkedIn, include Margaux Filippi, the director of ocean science; Raj Saha, senior data scientist; Olivia Alcabes, data research scientist; Jean Bertrand Contina, agronomy lead for macroalgae production; and Maxwell Calloway, senior kelp biologist. Several seaweed experts and marine biogeochemists stressed in interviews that Running Tides interventions could harm highly complex, interconnected, and delicate ecosystems. -- CEO Marty Odlin to your collection. But some scientists fear the ecological risks on large scales. Discover parties, concerts, meets,shows, sports, club, reunion, Performance happening in November 2022 in Bradford, Arkansas. Were having trouble saving your preferences. All the stuff thats free and fun is getting ruined. But when it came time to take out a boat loan, I just couldnt make the math work, Marty said. Sources describe a company thats driven by the need to begin earning carbon credits by sinking biomass of some kind into the ocean. They stress that the urgency to solve this problem doesnt free researchers, governments, or companies from the need to carefully evaluate the harms these concepts could impose and to establish appropriate rules governing the practices. "It's very simple, and the economies of scale associated with that make Running Tide's solution have huge potential. "We're kind of in a cage-match with it right now," he says. A National Academies of Sciences report last year estimated that seaweed cultivation could remove around 100 million to 1 billion tons of carbon dioxide per year. A Warner Bros. Im from a multi-generation commercial fishing family, and decided to found Running Tide after experiencing the devastating impacts of climate change on our fisheries and local environment. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. Its a Godzilla, Odlin said. Architect Parke MacDowell 07 takes a hands-on approach. Brim bur Running Tide velkomi Breiina." ess m a lokum geta a lok jn hyggst Akraneskaupstaur boa til opins bafundar me Marty Odlin, stofnanda Running Tide, ar sem hann mun fjalla um fyrirtki, skra fr huga ess og formum Akranesi og svara spurningum bjarba. The company is called Running Tide Technologies, and it's prototyping the concept this winter. He added there are other potential challenges and uncertainties around some varieties that do grow in the open ocean, like sargassum. Last October, Odlin tweeted about another startup that had announced it successfully removed 5,000 tons of carbon dioxide: Ignore all the hype, tweets, concern trolling, conferences, fundraising, etc. "Right now it's purely a production facility," he said of the hatchery. 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