• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Monday, June 23, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Companies

Kelp Blue shortlisted for N$929m global carbon removal competition prize

by editor
May 9, 2024
in Companies
245
A A
14
SHARES
5.1k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Kelp Blue has been named as one of the 20 finalists by the XPRIZE Carbon Removal Competition.

You might also like

FIC freezes N$96.6 million linked to suspected financial crimes

Namibia to get first Holiday Inn as IHG plans three new hotels

Namibia’s domestic borrowing rise to N$20 billion

The 20 finalists will vie for a N$929 million (US$50 million) grand prize to be announced in 2025.

The XPRIZE is a four-year, N$1.9 billion (US$100 million) global competition open to innovators and teams that can create and demonstrate solutions for pulling carbon dioxide directly from the atmosphere or oceans and sequestering it durably and sustainably.

Kelp Blue is a sustainable oceanic aquaculture enterprise founded in 2020 based in Lüderitz, Namibia and harvests kelp canopy year-round to produce alternative agri-food, bio-stimulant, and textile products, converting them into a variety of products, including bio-stimulants.

“We are thrilled to be named as one of the top 20 finalists for XPRIZE Carbon Removal’s grand prize out of 1,300 vetted submissions. Our project achieves a number of things: locking away carbon, restoring and enriching marine biodiversity, and bringing meaningful diverse employment opportunities to fragile coastal economies—thereby reducing extractive pressures on marine resources,” said Kelp Blue Founder and CEO, Daniel Hooft.

“As we move into the final stage of this prestigious competition, we are confident that we will be able to showcase Kelp Blue as a viable, proven, and sustainable solution to combating climate change while contributing to local economies and livelihoods. To make a positive change and impact on the environment, we need a collaborative effort and a diverse range of high-quality carbon removal solutions to avoid the worst effects of climate change, and we are proud to be listed among the top 20 companies offering carbon removal solutions around the world.”

The grand prize from XPRIZE will be granted to the candidate that demonstrates a working solution at a scale of at least 1,000 tonnes removed per year, models their costs at a scale of 1 million tonnes per year, and can show a pathway to achieving a scale of gigatonnes per year in the future.

“This cohort of exceptional teams represents a diversity of innovations and solutions across a range of CDR pathways and shows the significant progress the industry is making in a short period of time. Over the past three years, this competition has helped accelerate the pace of technology development for a whole new industry of high-potential solutions aimed at reversing climate change,” said Nikki Batchelor, Executive Director of XPRIZE Carbon Removal.

Anousheh Ansari, CEO of XPRIZE, said, “For the world to effectively address greenhouse gas emissions, carbon removal is an essential element of the path to Net Zero. There’s no way to reverse humanity’s impact on the climate without extracting carbon from our atmosphere and oceans. We need a range of bold, innovative CDR solutions to manage the vast quantities of CO2 released into our environment and impacting our planet. The teams that have been competing for this Prize are all part of building a set of robust and effective solutions, and our 20 teams advancing to the final stage of XPRIZE Carbon Removal will have an opportunity to demonstrate their potential to have a significant impact on the climate.”

author avatar
editor
See Full Bio
Tags: africa newscompaniesDaniel HoofteconomyKelp BlueLüderitznamibianamibia newsNikki BatchelorXPRIZE Carbon Removal Competition
Share121Tweet76Share21
Previous Post

NamWater plans N$7bn Okavango extraction to mitigate CAN water crisis

Next Post

SNC Incorporated to participate at Africa Energies Summit 2024

Recommended For You

FIC freezes N$96.6 million linked to suspected financial crimes

by reporter
June 20, 2025
0
FIC freezes N$96.6 million linked to suspected financial crimes

The Financial Intelligence Centre (FIC) has frozen N$96.6 million suspected to be proceeds of unlawful activities during the 2024/25 financial year, according to its latest annual report. The...

Read moreDetails

Namibia to get first Holiday Inn as IHG plans three new hotels

by reporter
June 20, 2025
0
Namibia to get first Holiday Inn as IHG plans three new hotels

IHG Hotels & Resorts has announced plans to open three new hotels in Namibia as part of a franchise agreement with Cadence Capital and Santiago Property Developers Pty...

Read moreDetails

Namibia’s domestic borrowing rise to N$20 billion

by reporter
June 18, 2025
0
Namibia’s domestic borrowing rise to N$20 billion

The Bank of Namibia (BoN) has announced that the government’s domestic borrowing requirement has increased to N$20 billion for the current fiscal year, up from N$15 billion last...

Read moreDetails

BoN calls on commercial banks to cut lending margins in line with CMA norms

by reporter
June 18, 2025
0
BoN calls on commercial banks to cut lending margins in line with CMA norms

The Bank of Namibia has urged commercial banks to reduce their prime lending margins to levels consistent with other Common Monetary Area (CMA) countries, a move expected to...

Read moreDetails

Trade deficit narrows by 19.8% to N$11.4 billion in first 5 months

by reporter
June 18, 2025
0
Trade deficit narrows by 19.8% to N$11.4 billion in first 5 months

#image_title Namibia’s merchandise trade deficit narrowed by 19.8% to N$11.4 billion during the first five months of 2025 compared to the same period last year. According to latest...

Read moreDetails
Next Post
SNC Incorporated to participate at Africa Energies Summit 2024

SNC Incorporated to participate at Africa Energies Summit 2024

Related News

Namibian table grape exports reach 2.4 million cartons in 2024

Namibian table grape exports reach 2.4 million cartons in 2024

November 5, 2024
Don’t say ‘avail’: the language and position of the communicator

Don’t say ‘avail’: the language and position of the communicator

February 28, 2024
Namibia, Zambia seal oil, gas pipeline agreement

Namibia, Zambia seal oil, gas pipeline agreement

October 6, 2022

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.