KELP BLUE NAMED AS A FINALIST FOR THE PRESTIGIOUS XPRIZE CARBON REMOVAL COMPETITION
AMSTERDAM, May 8, 2024 /PRNewswire/ -- Kelp Blue, an innovative seaweed company that seeks to restore marine biodiversity and promote carbon sequestration to support a healthier ocean ecosystem, was today named as one of 20 finalists by the XPRIZE Carbon Removal Competition. The XPRIZE is a four-year $100 million global competition that is one of the largest incentive prizes in history. It is open to innovators and teams that can create and demonstrate solutions that pull carbon dioxide directly from the atmosphere or oceans and sequester it durably and sustainably. The 20 finalists will vie for a $50M grand prize to be announced in 2025.
- AMSTERDAM, May 8, 2024 /PRNewswire/ -- Kelp Blue, an innovative seaweed company that seeks to restore marine biodiversity and promote carbon sequestration to support a healthier ocean ecosystem, was today named as one of 20 finalists by the XPRIZE Carbon Removal Competition.
- The XPRIZE is a four-year $100 million global competition that is one of the largest incentive prizes in history.
- Founded in 2020, Kelp Blue is at the forefront of developing innovative and sustainable solutions based on the cultivation of giant kelp.
- XPRIZE Carbon Removal is aimed at tackling the biggest threat facing humanity—fighting climate change and rebalancing Earth's carbon cycle.