BluSky Carbon Inc (CSE:BSKY)(FWB:QE4)(WKN A401NM), an innovative entry into the carbon removal clean technology sector is pleased to announce its public listing on the Frankfurt Stock Exchange with immediate effect.
The company’s common shares are now listed on the Frankfurt Stock Exchange under the ticker symbol “QE4” or identified as WKN: A401NM. The Frankfurt Stock Exchange (Börse Frankfurt – FWB), operated by Deutsche Börse AG, is one of the world’s largest trading centers for securities and the largest of the eight stock exchanges in Germany. The BluSky Frankfurt listing is expected to facilitate the process of trading in its shares by investors across Europe and internationally. The Company’s shares continue to be listed on the Canadian Securities Exchange (“CSE”) under the symbol “BSKY”.
Company CEO Mr. Will Hessert states, “We’re thrilled to join the German markets. Germany is home to many clean technology pioneers, renowned engineering expertise, and sophisticated market participants. We believe the investment community in Germany will appreciate our efforts aimed at putting carbon back into the ground – right where it belongs! We look forward to building interest, engagement, and shareholder value with this dynamic European audience.”
Scientists have suggested that 950 million hectares (2.3 billion acres) of new forests could help limit the increase in global average temperature to 1.5-degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels by 2050.[1] This one-time solution would require reforesting an area the size of the United States and Canada combined (1 to 2 billion hectares) and with an anticipated removal rate of 5 tonnes of CO2 per hectare, per year, it could take between one and two thousand years to accomplish.[2] Alternatively, BluSky is working to mass produce machines that will aim to remove 67.5 tonnes of CO2 per day. Once operational, the Vulcan biomass pyrolysis technology is expected to convert 5 tonnes of organic waste into biochar and bioenergy every hour, with modular designs and engineering for increased scalability already well underway.
“Once fully operational and connected with the development stage Medusa[3] carbon mineralization system and Kronos[4] direct air capture system, the Vulcan output is expected to provide much of the needed energy to power the estimated initial operating requirements which targets the removal of 40,000 tonnes of CO2 per year,” notes CEO Hessert. “BluSky Carbon was founded with the goal of removing gigatonnes (billions of tonnes) of CO2 from the atmosphere every year. The clearest path to reaching that level of scale is having unrivaled capital efficiency when deploying CDR solutions. We believe our hybrid approach is one of the better pathways to achieve that goal. Of course, we are always looking ahead, and aim to protect our investment by initiating patents for many key aspects of our systems internationally.”
Read more: Carbon Removal Startup BluSky Becomes Public, Aims To Scale Innovative Pyrolysis + DAC System
