Cellular Goods PLC (LSE:CBX) chairman and interim CEO Darcy Taylor speaks to Thomas Warner from Proactive about how the acquisition of biosynthetic algae & seaweed carbon sequestration as-a-service company King Tide Carbon (KTC) has been proceeding since it completed back in May.
Taylor says that the acquisition of King Tide Carbon has allowed Cellular Goods to expand its vision of sustainability and capitalise on the increasing demand for carbon removal solutions driven by the Paris Climate Agreement. He goes on to emphasise the importance of bio-synthetics as an emerging technology for carbon removal and highlighted the expertise of the King Tide team in accelerating the company's direction.
With the acquisition, Cellular Goods aims to be at the forefront of scalable and high-quality carbon removal solutions, contributing to the fight against climate change while delivering value to shareholders. He also addresses how long he is likely to stay in the interim CEO role, saying that his main priority is to deliver growth and development for the business and that he "remains committed for the next twelve months and beyond." He also commits to providing more frequent updates to shareholders.
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