Pond Technologies Inc. has developed a proprietary algae cultivation platform that is capable of tackling some of the world’s greatest sustainability challenges.

Pond is working with major cement, steel, oil, and power generation companies to create new revenue streams from the value-rich algae that is grown on their untreated greenhouse gas emissions. Biofuels, bioplastics, fertilizers, and animal feeds are among the many algae-derived products that can be produced.

Pond is the commercial partner of the National Research Council’s (NRC) $37 million Algae Carbon Conversion project, designed to reduce CO2 emissions from Canadian oil sands operations.

In addition, Pond and its partners, Markham District Energy and the National Research Council, are semi-finalists in both streams of the Carbon X Prize. Carbon X Prize competitors are tasked with converting the industrial emissions from the combustion of fossil fuels into a sustainable revenue stream.

Pond’s platform technology can grow virtually any species of algae, including strains that produce high-value anti-oxidants, omega-3 fatty acids, and proteins. These algae “superfoods” are targeted for use in the nutraceutical and natural food additive markets. Pond has pilot installations in Ontario and has been granted patents in the U.S., Europe, and China.