The mission of Ocean Visions is to develop innovative and durable solutions to complex challenges facing our ocean. From acidification to pollution to temperature rise, human activity has altered the oceans chemistry in ways that may not be undone even if we slash CO2 emissions from land-based sources. A Warner Bros. Tickets for Running Tide Update: What's New in 2023? A proprietary system remotely monitors the microforests, quantifying kelp growth, carbon content, and sinking locations. Running Tide's founder and CEO, Marty Odlin, comes from a long line of Maine groundfishermen. Portland, Maine 4,478 followers The global ocean health company. Boyd and Hurd both stress that the field is a long way from being able to create models that accurately estimate how much carbon will be stored through large-scale macroalgae sinking, which would be essential to any credible carbon offset market. See jobs Follow View all 102 employees About us Rebalancing the natural carbon cycle and deacidifying the ocean. What's LinkedIn for? 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 "We're certainly not going to jump ahead of science," Odlin said. The world is banking on giant carbon-sucking fans to clean our climate mess. We conduct multiple research deployments into international waters. The climate risks were so high. The whole time, I was thinking about how I could actually scale up a carbon removal idea, Odlin says. Marty Odlin. We must also reverse the flow of carbon and move 10 gigatons of carbon from the fast cycle back to slow every year (i.e. All this anxiety, all this frustration that people have, its just because we havent been unleashed. Adam Baske (left) and Capt. Our first macroalgae and shellfish are produced in Casco Bay, Maine. Observers also note that while carbon uptake through tree planting and reforestation can be roughly estimated using on-the-ground spot checks or satellite images, its not clear how any accrediting organization could easily or affordably verify how much kelp companies are growing and sinking on free-floating rafts hundreds of miles out in the open ocean. 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. But sources say early efforts to grow far beyond the coast didnt produce much kelp. This is a critical . The UN enacted a moratorium on ocean fertilization for commercial purposes more than a decade ago. Shopify, Stripe, and the Chan Zuckerberg Initiative have all purchased future carbon dioxide removal from Running Tide, priced at $250 a ton in Stripes case. Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. Odlin wants to mimic those natural processes, and do it in a hurry. Pero ahora, dijo, es como un desierto. We deploy North Americas largest distribution of macroalgae lines. Put more simply, by utilizing the best of foundational science and first-principles systems engineering, we aim to use the natural power of the ocean to rebalance the carbon cycle, re-bury Godzilla, restore ocean health, and help solve the (complete) problem. The authors recommended a $125 million research program to better understand overarching challenges for ocean-based CO2 removal approaches, including the potential economic and social impacts. They estimated that $235 million will be needed to fund research priorities for seaweed cultivation over a five-year period. 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. Stay tuned with the most relevant events happening around you. Pumps injecting plant-based biofuels into the earth. The company is part of a new wave of big-thinking about removing carbon from the atmosphere at a planetary-scale. With the shape of a small robot, a buoys solar panels would power a cloud-connected camera and instruments to monitor kelp growth and water chemistry, a data feed vital for future carbon markets. About RunningTide: Founded by Marty Odlin, an engineer and 4th generation commercial fisherman, and proudly headquartered in Portland, Maine, Running Tide designs and builds technology that amplifies the natural power of the ocean to durably remove carbon, reverse ocean acidification, and restore coastal ecosystems. We engage in the first of many restoration projects. Chicago Cubs player is lauded for local volunteer work. 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. They all swam to Iceland.. Musk said he was out to find the smartest, most cost-effective means and markets to capture carbon. We have no idea what happens when we scale this up.. Marty Odlin is the Founder and CEO of Running Tide, a leading global decarbonization and carbon removal platform. We are losing our way of life, our livelihoods, and our sense of community and continuity. Kelp, although it is technically not a plant but an algae, is one of the fastest growing organisms. Now this seaweed plays a key role in his effort to minimize global warming. Carbon gets moved, on geologic time scales, into the deep earth, where it is rendered chemically inert and no longer warms the atmosphere. Odlin, whose family has been in the commercial fishing business for generations, founded the company in 2017. m . The Department of Energy recently announced a $3.5 billion program to accelerate the development of four direct air capture facilities around the United States factory-sized vacuum cleaners, each capable of capturing one million tons of CO2 per year. Running Tide scientists amplify the process by growing the seaweed on wood buoys layered with. When we tell people what (Sources have previously said Running Tide aims to sequester 1 billion tons of carbon dioxide by 2025 and described its hypothetical full scale as a billion or more tons per year.). Thu, Feb 2, 2023 12:30 PM GMT (+00:00) 0 - 10. The executives, they add, minimized the downsides by asserting that addressing the urgent challenges of climate change will outweigh any possible ecological harms. 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Heal the ocean. New titles from Dartmouth writers (January/February 2023). In 2010, scientists at the University of Hawaii at Mnoa and elsewhere sank more than 400 pounds of Douglas fir boards nearly 5,500 feet to the bottom of the Santa Cruz Basin, off the coast of California. They'll return in the spring to sink this test-crop of carbon-removing kelp a thousand meters deep, hopefully to stay there for millennia. Contact. -- CEO Marty Odlin can be booked here. 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. -- 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. "Collaborations between academia and our team will expedite our goal of removing carbon dioxide on the gigaton scale in the coming years." PRWeb Press Release. En los ltimos aos . They release rope that's entwined with early-stage kelp, a fast growing seaweed that will soak up carbon dioxide. Our next guest has come up with a pretty creative way to capture some of those . We believe that if we use the best of foundational science, first principles engineering, and the type of talent and determination that is found in Iceland and coastal communities everywhere, we can restore ocean health, and ensure an abundant future for all life on Earth. At Running Tide, our bet is on the ocean. Rob Odlin. -- CEO Marty Odlin to your collection. But he watched as the warming climate drove major shifts in fish populations, while regulators put a lid on how much could be taken from the sea. The seaweed will gobble up carbon from the air and water, and the limestone will serve as an antacid for the surface layer of the sea like a Tums for the ocean. Opportunistic species that consume biomatter and can tolerate sulfides then crowded in, including hooded shrimp and bristle worms. They add that a rigorous, open, and extended scientific process involving teams of ecologists, oceanographers, and modelers will be required to better understand the complex interplay between these forces and to assess the benefits and costs. Running Tide CEO Marty Odlin the boat captain's nephew comes from a long line of Maine fishermen, and once imagined he would continue the tradition. 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. Subscribed to personalized events updates! AKIKO FUJITA: Welcome back to Yahoo Finance Live. I think its actually remarkably low.. PORTLAND, Maine CNN Marty Odlin just wanted to go fishing. The carbon cycle can be divided into two systems: A more complete Problem Statement: The carbon cycle is out of balance and pulling the climate out of the goldilocks zone, Burning Fossil Fuels = > Unbalanced Global Carbon Cycle = > Warmer Planet/Acidified Ocean/Ecosystem Loss => Pulling climate out of the goldilocks zone = > Bad, By burning fossil fuels organic material that had been compressed by geology into the slow carbon cycle over millions of years human beings have moved more than 1.5 trillion tons of carbon from the slow carbon cycle to the fast carbon cycle. Olivia Mercier runs the kelp hatchery at Portland's Running Tide Technologies. 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 . They consider their workers in every minute detail of their operations. Hurd says its not clear that farming and sinking kelp in the oceans will make any difference to atmospheric carbon dioxide., I dont think so, she says. By moving 1.5 trillion tons of slow carbon mass out of long-term storage, we have unearthed a Godzilla and given it the power to warm our planet, alter weather patterns, acidify our oceans, and destroy ecosystems that are critical to supporting life.. In 2018 he and his wife, Justine Simon '06, who live outside Portland, Maine, started Running Tide. A systems engineer and member of a 4th generation fishing family, Marty founded the company in 2017 after seeing the devastating implications of climate change on his own community. It's a big risk. Its devastating our crops. Some varieties can grow half a meter in a day. -- CEO Marty Odlin with your friends. That said, scaling up Running Tide's operation depends on what the data says from their ongoing experiments. Go-to place to discover events for more than 20M people globally. The Dartmouth-trained engineer comes from a fishing family and once wanted to be a fisherman. Deny? Were not saying dont do it. As previously noted, the increased macroalgae growth can also come at the expense of other carbon-sucking species that rely on similar nutrients, which would need to be counted against any carbon removal attributable to seaweed. At Running Tide, we build technologies that allow us to harness the power of the ocean to build a climate positive future. "Right now it's purely a production facility," he said of the hatchery. We fish for mackerel, we catch our fair share, and if they're feeling brave, we dive down and grab an oyster. 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. 0 Rating. 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