Ripple co-founder Chris Larson Foundation supports production of OMNI CT’s first waste hydrogenation products
The Larsen and Lam Climate Initiative foundation, run by Chris Larsen, co-founder of Ripple, a blockchain-based overseas remittance platform, and his wife and philanthropist Lyna Lam, is working on the production of waste hydrogenation products. They donated $35 million (about KRW 39.1 billion).
According to a press release released by Ripple, Omni 200™GPRS™, a waste hydrogenation product developed and first launched by Ottawa-based Ottawa-based Ottawa, Canada, is produced from 200 tonnes of unsorted non-recyclable waste per year. It can produce about 5000 tons of carbon negative hydrogen. It is produced in cities where hydrogen is needed, and waste is moved from landfill to OMNI CT and removed without the need for air emissions and disposal. Energy from waste can replace electricity required for green hydrogen production, and the produced circulating hydrogen can run more than 500 hydrogen city buses that operate at a lower price than gasoline or diesel buses.
Chris Larson and Lina Lam donated $35 million to the production of the technology through the Larson and Lam Climate Initiative Foundation. OMNI CT’s first commercial plant will produce negative carbon hydrogen in California using unsorted, non-recyclable municipal solid waste (MSW) currently being disposed of at landfills. OMNI CT is expected to accelerate global adoption of the technology through investment in the Larson and Lam climate initiative.
Chris Larson, co-founder of the Larson & Lamb Climate Initiative and co-founder of Ripple, said, “Low-carbon or zero-carbon fuels are critical to realizing a carbon-free economy.” Developed the product. As the first project of the Larson & Lam Climate Initiative, we are pleased to introduce the technology to the California market with the OMNI CT team.”
OMNI CT CEO Rod Bryden also said, “Considering the rapid increase in hydrogen and biofuel interest worldwide and the growing urgency of the climate change crisis, I think it’s time,” he said. “We have invested 400 million dollars (about 4476 billion won) over the past 15 years for this technology. “We are very excited to work with the Larson & Lamb Climate Initiative, which understands and shares our vision.”
OMNI CT’s purchase of the plant was funded and contracted in April 2021, and it aims to convert municipal solid waste to hydrogen by starting production in California by the end of 2023.
Ripple uses blockchain technology to provide seamless remittance services around the world. Financial institutions subscribe to Ripple’s fast-growing global network’RippleNet’ to track customer payments in real time with a cost-effective, secure and end-to-end tracking method anywhere in the world. You can handle it. Ripple has offices in San Francisco, Washington DC, New York, London, Mumbai, Singapore, Sao Paulo, Reykjavik and Dubai, serving more than 300 corporate clients, including American Express and Standard Chartered, in 45 countries on six continents. Is secured.
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