In light of the serious challenges, major agritech companies showcased their innovations, demonstrating the great potentials of agritech to combat climate change and achieve sustainable development.
The Israeli Haifa Group presented their Carbon Capture and Utilization (CCU) technology, which not only significantly reduces the company’s carbon footprint, but also creates new economic value. Haifa Group’s CCU technology encompasses four steps: Capture, purification, compression and utilization. Through advanced adsorption technology, the company is able to capture carbon dioxide from the production process, which is purified, compressed and then used for a variety of industry fields.
For example, in the case of greenhouse growing, the captured carbon dioxide is transported to greenhouses and used to improve the efficiency of photosynthesis of crops and increase yield. In food processing, it is used as a refrigerant or for production of carbonated beverages. For industrial use, the captured CO2 is used to produce polymer materials like polycarbonate. More interestingly, the carbon dioxide can be used to cultivate microalgae and produce biofuels or high-value nutrients.
Haifa Group expects to capture and utilize about 70% of CO2 emission by 2025, equivalent to reduction of about 200,000 tons of carbon emission per year. This not only significantly reduces the company’s carbon footprint, but also opens up a new source of income, demonstrating the promising win-win prospect of environmental protection and economic benefit.
