Pond Technologies Holdings Inc. announced it has been engaged by Livalta, an AB Agri company, a subsidiary of Associated British Foods for the joint commercialization of algae-based animal feed ingredients. In an agreement dated September 7, 2021, Livalta and Pond have agreed to an exclusive global partnership to grow algae-based animal feed from CO2 emissions. The engagement consists of two parts: a supply agreement, where AB Agri will purchase an algae demonstration system from Pond to be installed in the UK for the sum of approximately CAD 2.9 million and a license agreement, where Pond will receive up to CAD 2.6 million in technology access fees and an ongoing royalty based on the production from commercial algae plants deployed in the future. The demonstration system will be used to grow algae strains for animal feed trials and the development of commercial animal feeds which will be sold by AB Agri. Livalta's pilot plant currently anticipated to open at British Sugar's Wissington site in Norfolk in 2022. A pioneering global partnership between responsible protein specialists Livalta and Pond will produce commercial algae-based animal feed ingredients from CO2 emissions. Effectively, the technology is designed to take CO2 emissions out of the air to produce high value protein. The first product will be spirulina, combining 60% protein with essential vitamins and minerals. Spirulina is known for its nutritional and functional value both in food and animal feed. Spirulina (and other algae) are gaining increasing attention as a potentially game-changing animal feed ingredient. Until now, the technology to produce algae, at the scale, quality and cost required to be an affordable ingredient for animal feed, has remained elusive. This exclusive partnership, which brings together Pond's ground-breaking technology with Livalta's expertise in new proteins for animal feeds, is set to change that. Plans are now in place to open Livalta's first pilot plant to be followed by a commercial size plant producing spirulina from CO2 emissions at British Sugar's Wissington site in Norfolk in 2022.