Pond Technologies (OTCMKTS: PNDHF),an ESG company addressing global sustainability challenges of wellness and climate change, has announced the successful installation of an algae lab at the British Sugar plant in the United Kingdom. 

The lab, along with a number of Pond-designed algae bioreactors, were installed as part of the company's agreement with Livalta, a division of the AB Agri company. Pond says that it built a system of 60-liter bioreactors and controls at its Canadian headquarters in Ontario. The system was then transported and commissioned at Livalta’s Wissington location in the UK.

Pond says that it worked closely with AB Agri to specify the equipment requirements for the lab, which will be used to support the 1,500-liter and 10,000-liter pilot bioreactors scheduled for installation at Wissington in 2023. The initial algae grown in the lab will be used in the scale-up process for these larger bioreactors.

Valerie Schuster, Managing Director of Livalta stated: "This is our first step towards piloting Pond's technology to grow algae using CO2 emissions as feedstock - or, as we would put it, take a problem (CO2 emissions) out of the air and convert it into high value protein. There is still some way to go, but we have made a start with a great team effort between Livalta, AB Agri, British Sugar and Pond Technologies."

Pond Technologies is a publicly traded ESG company that has developed a proprietary system to profitably transform CO2 into valuable products. Its Pond Carbon business focuses on absorbing greenhouse gas emissions, transforming these into food, feed, and nutraceutical ingredients.

Shares of Pond Technologies trade in the United States under the ticker symbol PNDHF and in Canada under the symbol POND. For more information visit www.pondtech.com.

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