Blusky Carbon Inc (PK)【BSKCF】株式ニュース

BluSky Carbon CEO Presents a Case for Climate Tech Optimism
November 8, 2024
OLD SAYBROOK, CT/VANCOUVER, BC / November 8, 2024 / BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF) (FWB: QE4 /WKN A401NM) (“BluSky” or the “Company”), an innovative entry into the carbon removal clean technology sector, is pleased to provide the following letter to shareholders and stakeholders from Company CEO Will Hessert.

A Case for Climate Tech Optimism in Post-Election America

The 2024 U.S. election results sent shockwaves through the climate and climate tech communities. The incoming Republican administration has promised to double down on fossil fuels, plans to roll back environmental regulations, and threatens to eliminate many of the incentives and funding programs that have benefitted climate action.

The climate technology industry must now confront a landscape potentially stripped of safeguards and incentives.

In the face of this, I will do something that is almost heretical in climate technology circles right now: I will make the case for optimism.

The Long Game

When we initially founded BluSky Carbon, we created the company with one principal mission in mind: remove carbon dioxide from the atmosphere to reverse climate change.

Our team has prioritized reducing greenhouse gases in the atmosphere to avoid the worst potential effects of climate change. We have dedicated the past few years to developing and advancing technologies towards this aim.

While we have an idealistic mission, BluSky has a culture of pragmatism. And pragmatically, we know that the future climate will not always be a top priority.

How should governments balance current prosperity with future climate goals? How should nations prioritize the need for energy security versus the need to decarbonize? How should nations choose between fiscal responsibility and properly funding climate action?

Different governments at different times will answer these questions differently. Democrats and Republicans have different and ever-shifting perspectives on national priorities.

And that’s the source of what I believe to be a hard truth that remains true not just for climate technology, but all businesses:

If you are building a business that, in order to thrive, requires a certain political party to be in power, you are not building a great business.

I believe carbon removal will be a multi-trillion-dollar industry by 2050 regardless of this election’s outcome. But the key to owning a major portion of that multi-trillion-dollar pie, and making a global impact, is to be around long enough to earn the gains.

And thankfully, in the past year, our mission has evolved from just simply carbon removal. Our new mission is, I believe, largely insulated from political cycles and hopefully provides a pathway for climate technology to thrive in the coming years.

Evolution

We started BluSky Carbon solely focused on removing carbon dioxide from the atmosphere. In the early days, we experimented with crudely built algae bioreactors that we kept in our homes (which, thankfully, our significant others allowed). We went down many carbon dioxide removal (CDR) rabbit holes looking for solutions.

As we researched and experimented with different approaches, we realized that biomass pyrolysis – taking organic waste and converting it into stable carbon – was the best approach.

We made pyrolysis our foundational technology because:

It produces energy while other CDR processes can consume massive amounts of energy
It uses abundant waste streams as a feedstock, which greatly helps the economics and value proposition
It produces a valuable product as its end result: biochar

Biochar is the end state of organic waste that runs through biomass pyrolysis. The biochar locks away carbon for thousands of years. And in our tunnel-vision dedication to the mission of carbon removal, that was all we cared about.

But what we were missing, and what we subsequently discovered was that biochar has the potential to be the most important agricultural and industrial material of the 21st century.

As biochar is utilized, its unique properties help keep land and water clean. Biochar prevents fertilizer from running off into waterways, preventing algal blooms that decimate ecosystems. Biochar particles can trap contaminants like heavy metals, pesticides, and microplastics.

On top of that, biochar can be a major industrial feedstock. Biochar can be added to concrete to increase its strength. It can be added to asphalt to improve resilience. It can help reinforce plastics and polymers. It can be used in steelmaking. It can even be upgraded into strategically valuable materials like graphite.

The world is shifting to prioritize local agriculture and manufacturing. It’s an incredible valuable proposition to provide nations the capability to convert their waste into their own industrial feedstocks and into a tool that can supercharge their agriculture.

That is why BluSky’s mission has evolved beyond just removing carbon, Our mission is to advance human prosperity by advancing climate technology.

And that mission provides us with a framework to navigate in the days ahead.

The Path Forward

The greatest companies are always dreams forged into reality by the fires of capitalism. Microsoft® and Apple® were started with the dream of democratizing computing. Google® was started with the dream of making the world’s information universally accessible. SpaceX® was started with the dream of making human civilization multi-planetary.

Businesses are vehicles to make dreams a reality. But to exist in reality, a business has to be capable of generating returns for shareholders and providing a product or service people truly want.

That is, in my opinion, the path forward for climate technology: if you create incredible technologies that have a benefit beyond the climate, your company will thrive regardless of the political or cultural moment you exist in, and you will have a far great chance of fulfilling your climate-oriented mission.

Tesla® sought to electrify transportation. They did not just simply build electric vehicles. They built and continue to build cars that many consumers find superior to their fossil-powered competition.

Patagonia® sought to promote sustainable and ethical of apparel. They did not just simply make outdoor apparel. They made high-quality, durable, popular products that outperformed their fast-fashion competition.

Likewise, BluSky seeks to remove atmospheric carbon dioxide. But, we seek not simply to remove carbon. We seek to produce incredible products that form the bedrock of a future economy.

This vision, I believe, gives us adaptability in the days ahead. In certain political climates, we will use deregulation and pro-business environments to work towards expediting the growth and deployment of climate technology. In other climates, we will work towards using climate policies and subsidies to advance climate technology.

Regardless of what happens politically in the United States, we will remain dedicated to not just the climate, but to American agriculture, American industry, and American energy.

And we will share this technology and dedication with every corner of the globe that will have us.

To end on a personal note: I have recently spent a lot more time involved in policy and governance. With my role on the board of the US Biochar Coalition, I have met with key administrators and regulators in the federal government.

While truth is often defined by data points and graphs, sometimes there are deeper truths found in vibes: and the vibes of both parties, especially the young and upcoming leaders in both parties, is that it is time for America to build. It is time for America to create. It is time for America to accelerate.

And I am excited to build.

On behalf of myself and the entire BluSky team we wish the new government success in their mission to serve the American people. We will be working to do our part as well.

Sincerely,

Will

William Hessert
Chief Executive Officer
BluSky Carbon Inc.

BluSky Carbon Joint Venture Inks Binding LOI’s for Biochar Projects in Orlando and Tanzania
November 6, 2024

OLD SAYBROOK, CT/VANCOUVER, BC / ACCESSWIRE / November 6, 2024 / BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF) (FWB: QE4 /WKN A401NM) (“BluSky” or the “Company”), an innovative entry into the carbon removal clean technology sector, is pleased to announce that its recent joint business venture, doing business as BluMountain Carbon (see the Company’s press release dated October 11, 2024), has entered into preliminary agreements with two commercial prospects focussed on earning Carbon Credit revenues through BioChar production in Orlando, Florida and the United Republic of Tanzania. The terms of each agreement are described below.

TANZANIA PROJECT

BluMountain has entered a binding Letter of Intent (“LOI”) with Carbon Market Exchange Inc. (“CMX”) to collaborate on the development and operation of biochar production facilities utilizing local biomass feedstock provided by an existing agreement (to which CMX is a party) with a regional growers’ association and other parties in Tanzania. The intention is for the facility to utilize BluSky Vulcan pyrolysis equipment, operational and consulting services to produce biochar, carbon removal credits, bio-oils and other products.

The LOI contemplates an exclusive relationship between the Company and CMX in regard to biochar production, bioenergy production, and biomass carbon removal (BCR) in Tanzania. The LOI is structured such that BluMountain would receive 66.67% of any net profits, and CMX would receive 33.33%, subject to adjustment if CMX fails to secure a formal deal with the regional growers’ association or does not otherwise fulfill its contractual obligations, as reasonably determined by BluMountain.

CMX is a U.S.-based Delaware Corporation with primary operations in North Carolina and Michigan, USA, hosting an expert team and growing number of field offices worldwide. Led by CEO Shenna Fortner, the organization aims to develop innovative carbon offset programs to bridge the gap between environmental law, climate finance, and cutting-edge technology. Carbon Market Exchange Ltd was established in 2021 from the efforts of a group of environmentalists and finance executives aiming to bring together the financial industry and climate action in a way that makes meeting the international climate targets more accessible for companies and more supportive for conservationists. To date, CMX has led the development of carbon offset programs in Belize, Brazil, Tanzania, and Indonesia. In Tanzania, CMX is uniquely positioned to meet the rapidly growing demand for carbon offsets through a project which encompasses over 2.6 million acres of agroforestry, coastal ecosystems, and coral reefs.

“We are excited to work with BluMountain to bring biochar and regenerative agriculture solutions to Tanzania’s agricultural industry,” said Shenna Fortner, CEO of Carbon Market Exchange. “This collaboration represents a significant step toward sustainable development in Tanzania, helping to enrich soil health, support local communities, and capture carbon at scale.”

ORLANDO PROJECT

The project is structured as a 50/50 “Joint Venture” (“JV”) between BluMountain and Neutralizing Environmental Trash Inc. (“N.E.T. Inc.” or “NET”) under which BluMountain is to provide Vulcan pyrolysis equipment, operational and consulting service for biochar production, bioenergy production, and biomass carbon removal under the business joint venture brand “NET of the Villages LLC,” proposed to be located in the Orlando, Florida area. Local wood waste has been identified by NET for use as feedstock to service the estimated 50,000 tonnes of annual carbon removal projected from the venture.

NET is focused on converting waste biomass into biochar as a carbon-negative soil amendment to enrich soil health, reduce greenhouse gas emissions, and promote sustainable agriculture. Headquartered in Medford, Oregon, NET is led by President Nicolaas Vanderwey with over three decades of experience in the recycling and environmental sustainability industry, and Senior VP, Development, Misty Burris who oversees strategic planning, financial management, and also serves as President of CO2 Trust, a carbon credit marketplace.

Misty Burris, Senior VP of N.E.T. Inc. and President of CO2 Trust comments, “Our partnership with BluMountain signifies a leap forward in demonstrating the transformative power of biochar as a solution for climate resilience. With this joint venture, we’re not only advancing carbon sequestration but also fostering sustainable practices that strengthen local economies and ecosystems. This collaboration reflects our commitment to innovation, community engagement, and meaningful environmental impact.”

BluSky CEO, Will Hessert notes, “The creation of our BluMountain joint venture is kicking off with some great opportunities. The team at CMX are very professional and exciting to work with, as are the dynamic folks at NET. With the carbon price index as fixed by NASDAQ collaborator PURO.earth currently sitting above €120 (~130USD), these projects hold great promise. It’s particularly gratifying to pursue projects that are aimed not only at removing carbon, , but that may also provide biochar products to localized agricultural initiatives that could lead to positive economic impacts including food production stability and job creation.”

“The usefulness of biochar is becoming increasingly understood by the public and we believe this will help drive the need to deploy internationally to meet the increasingly important need to remove carbon at an unprecedented scale,” continues CEO Hessert. “Our “building-block” approach is designed for cost effective scalability to achieve gigatonne capacity, so we will continue to relentlessly advance our plans to seek out potential partners including governments, corporations, and investors to help us achieve global carbon neutrality in our lifetime. We look forward to more exciting opportunities from the BluMountain venture as we look forward to 2025 becoming a breakout year for Blusky.”

About BluMountain Carbon

BluMountain Carbon (“BluMountain”) is a business venture (“Joint Venture” or “JV”) of BluSky Carbon and Texas-based Red Mountain Biochar, LLC (“Red Mountain”) to commercialize multiple potential biochar offtake and project financing opportunities for the benefit of BluSky and Red Mountain with a particular emphasis on the (i) production and processing of biochar, (ii) deployment of carbon removal technologies, and (iii) exploration and deployment of opportunities in related industries and technologies, as well as other commercial opportunities that the Joint Venture may identify from time to time. Please see the Company’s press release dated October 11, 2024.

About BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF) (FWB: QE4 /WKN: A401NM)

BluSky is a renewable energy company that is in the business of putting Carbon back into the ground – where it belongs! The Company converts organic and industrial waste into biochar, renewable power and carbonate rocks, as well as the development and sale of carbon capture technology. BluSky’s primary objectives are to (1) construct carbon removal equipment; (2) sell the biochar produced by the carbon removal equipment; and (3) sell carbon credits ?generated from the production of biochar. The Company’s business model is based on the growing need for carbon neutrality and demand to reduce CO2 emissions.

BluSky Carbon is publicly listed in Canada on the CSE with the trading symbol BSKY, on the OTCQB as BSKCF, and in Frankfurt, Germany (FWB) with the identifier QE4. BluSky’s public filings and related documents are available on the Company’s profile page on SEDAR+ at www.sedarplus.ca. For more information about the Company, please visit https://bluskycarbon.com/, watch our video, and sign up to receive news alerts or join us on social media at Facebook, X (formerly twitter), Instagram, or LinkedIn.