US-based investment vehicle Chevron Technology Ventures (CTV) is supporting Silicon Valley-based innovator NovoNutrients, a startup producing protein for aquaculture feed markets through carbon capture and utilization.
The startup joined CTV's catalyst program, which helps early stage firms creating technologies that benefit the energy industry to get up to speed and mature.
The program will first help NovoNutrients pilot its technology. The Grantham Environmental Trust’s Neglected Climate Opportunities program has also injected capital into the project.
“We look forward to rolling up our sleeves and showing how the energy industry can be part of making the protein behind the protein," NovoNutrients CEO David Tze said.
