About Marty: Marty Odlin is the Founder and CEO of Running Tide, a global ocean health company. The idea is that locating the farms there means they wont compete with other shoreline uses like maritime operations and ensures that more of the seaweed will end up on the seafloor. Marty Odlin, the boat captain's nephew and the CEO of Running Tide, explains the company's mission. Well, it is no secret carbon emissions caused by human activity are accelerating climate change. He allowed that the yield and consistency are not yet commensurate with that needed for large-scale carbon removal. But he said the company didnt expect that yet, and that some of the initial efforts were mainly focused on testing the companys technical systems and deployment methods.He and Justin Ries, senior scientific advisor at Running Tide, added that scientists already know kelp will grow in the open ocean, because there are varieties that do. The authors called for the scientific field to adopt a code of conduct to guide work in marine-based carbon removal, stressing the lack of regulations, the unknowns in the space, and the potential for even just research to effect tragic or unexpected outcomes.. TOPSHOT - Climeworks factory with it's fans in front of the collector, drawing in ambient air and release it, as largely purified CO2 through ventilators at the back is seen at the Hellisheidi power plant near Reykjavik on October 11, 2021. Email. The overwhelming scientific consensus is that seaweed cultivation presents one of humankind's most promising ocean [carbon dioxide removal] pathways, as asserted in last years National Academies report, he wrote. We operate the largest capacity macroalgae hatchery in North America. If I had an hour to solve a problem I'd spend 55 minutes thinking about the problem and five minutes thinking about solutions. Albert Einstein., The discipline of engineering requires carefully constructed problem statements before solutions are considered., Our climate is an incredibly complex system, and is the function of interactions between many complex sub-systems. But thats just part of this. 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We need carbon removal., Carbon removal is a measurable attribute of a fully accounted supply chain defined as the intentional net movement of fast carbon to the slow carbon cycle., Fixing carbon in the fast carbon cycle is only part of the equation; for carbon removal, you must take the next step of transferring that carbon in the fast carbon cycle back to the slow carbon cycle. Odlin thought if he could make the natural carbon reduction processes more efficient, he could achieve carbon removal on a large scale. "I'm not in this to give Godzilla a paper-cut.". While the heart of Running Tide will always beat from Casco Bay, we are stoked to be building our first global research and development base in Iceland. Most of the researchers left after less than a year at the company and several after only six months, according to the career networking site. We are scaling carbon removal globally and producing millions of shellfish. A few oysters on a plate or a pile of kelp on the beach can seem like such tiny weapons against a carbon Godzilla, but Odlin dreams of goosing their natural powers with the latest in biotech and building them to a massive scale on the same Maine docks where his ancestors built ships to beat Hitler. Instead of chasing monster mackerel on a boat named Running Tide, Odlin started a company called Running Tide to help solve the problem. Fred Bever/Maine Public Opportunistic species that consume biomatter and can tolerate sulfides then crowded in, including hooded shrimp and bristle worms. Make Sunsets is already attempting to earn revenue for geoengineering, a move likely to provoke widespread criticism. 2022 Ocean Visions, Inc. All Rights Reserved. Marty Odlin - CEO and Founder @ Running Tide - Crunchbase Person Profile Person Marty Odlin Overview Number of Founded Organizations 1 CB Rank (Person) 20,470 Primary Job Title CEO and Founder Primary Organization Running Tide Location South Portland, Maine, United States Regions East Coast, New England, Northeastern US Gender Male Its a Godzilla, Odlin said. They add that a rigorous, open, and extended scientific process involving teams of ecologists, oceanographers, and modelers will be required to better understand the complex interplay between these forces and to assess the benefits and costs. Engineer Marty Odlin 04, Th07, makes waves with kelp. Some varieties can grow half a meter in a day. Put more simply, by utilizing the best of foundational science and first-principles systems engineering, we aim to use the natural power of the ocean to rebalance the carbon cycle, re-bury Godzilla, restore ocean health, and help solve the (complete) problem. As previously noted, the increased macroalgae growth can also come at the expense of other carbon-sucking species that rely on similar nutrients, which would need to be counted against any carbon removal attributable to seaweed. I want them to live in a world where we can go fishing on a summer Sunday afternoon out to a favorite spot in a thriving kelp forest. Im such an optimist when it comes to the potential of the of the American spirit. Last October, Odlin tweeted about another startup that had announced it successfully removed 5,000 tons of carbon dioxide: Ignore all the hype, tweets, concern trolling, conferences, fundraising, etc. Shopify, Stripe, and the Chan Zuckerberg Initiative have all purchased future carbon dioxide removal from Running Tide, priced at $250 a ton in Stripes case. From acidification to pollution to temperature rise, human activity has altered the oceans chemistry in ways that may not be undone even if we slash CO2 emissions from land-based sources. The key issue is how to move the hundreds of gigatons of carbon emitted by fossil fuels from the "fast cycle," where carbon flits from fossil fuels to the air to plant matter, back to the "slow cycle," where they remain locked away . 2019. Using a combination of robotics, sensors. And as went my dream, so go others in coastal communities. Running Tide and other companies hope to dramatically scale up this process by cultivating kelp or other types of algae on floats in the deep ocean. These experiences have strengthened our belief that Icelands vision to scale humanitys most needed climate solutions is not only possible, but already underway.. The ocean is the is like the womb for fish. A giant kelp forest along the coast of Isla de los Estados, an island near Tierra del Fuego. AKIKO FUJITA: Welcome back to Yahoo Finance Live. But he also started thinking about how to stop the damage in the Gulf of Maine, one of the fastest warming bodies of water on the planet. We launched Shopify's Sustainability Fund to address a hard truth: there's too much carbon in the air. Odlin, who comes from a Maine fishing family and went to college for robotics, founded Running Tide in 2017 on the theory that the ocean, which covers two-thirds of the planet's surface,. Our multipathway system utilizes materials that already exist in the ocean, including terrestrial biomass (floatation and transport), calcium carbonate (alkalinity enhancement), and macroalgae (carbon sequestration) to put carbon back in the slow cycle in the deep ocean and marine sediments.. Plug-in hybrids wont get the world to zero emissions, but they can help cut climate impacts somewhat. Marty Odlin is Founder and CEO of Running Tide, a Maine-based company seeking to harness, accelerate, and scale the most impactful restorative processes naturally at work in the ocean to build a climate positive future. Author discusses his debut short story collection. Moving biomass from a short-term carbon cycle to long-term storage in the deep sea results in net negative CDR and best-in-class mass transfer ratios. Likewise, the parties to the London Protocol, which is supposed to eventually replace that treaty, passed an amendment restricting it. Microsoft last year committed a billion dollars to kick-start research and development in the emerging field of carbon-removal tech. Running Tide founder and CEO Marty Odlin commented: "We are deeply grateful for the support of our Icelandic partners, the Icelandic government, and the Icelandic people in developing, deploying, and scaling solutions that will combat climate change and improve lives, both here in Iceland and around the world." . Tue Jan 17 2023 at 12:00 pm to 01:00 pm. Odlin said the companys system and processes include numerous safeguards and reviews to minimize any possible ecological perturbations. He adds that Running Tide is relying on the best science available and has continually consulted with numerous ocean experts. Odlin and his team harvest kelp that they grow on buoys, then sink these carbon-rich biomasses deep in the sea. The business says its aquafarming operations, which include producing shellfish, can. Running Tide Update: Whats New in 2023? Theres a long road ahead for commercial efforts: heres what comes next. Marty Odin is the CEO and founder of Running Tide. The company is also building floating oyster farms, which filter millions of gallons of seawater while growing a marketable source of protein and capturing carbon in the shells at the same time. The kelp will soak up carbon gigatons of it via photosynthesis. We have no idea what happens when we scale this up.. - Climeworks factory is in ICELAND containers similar to those used in maritime transport are stacked up in pairs, 10 metres (33 feet) high. Marty Odlin, Running Tide CEO, discusses the startup's latest initiative to fight climate change. The carbon cycle can be divided into two systems: A more complete Problem Statement: The carbon cycle is out of balance and pulling the climate out of the goldilocks zone, Burning Fossil Fuels = > Unbalanced Global Carbon Cycle = > Warmer Planet/Acidified Ocean/Ecosystem Loss => Pulling climate out of the goldilocks zone = > Bad, By burning fossil fuels organic material that had been compressed by geology into the slow carbon cycle over millions of years human beings have moved more than 1.5 trillion tons of carbon from the slow carbon cycle to the fast carbon cycle. Boyds Nature Ecology paper in April, as well as the Ocean Visions report, also listed a number of potential ecological problems with kelp sinking on large scales, beyond the possible effects on phytoplankton. "We're certainly not going to jump ahead of science," Odlin said. It rated the knowledge base as medium-high, scalability as medium, durability as medium-high, and environmental risk as medium-high.. Some are going to work really well; some are not; some are going to have huge variance thats part of the systems optimization that takes years., This might take 30, 40 deployments to start to get traction and get this just right, he says, adding that the company is still a long way away from any significant deployment.. Adam Baske (left) and Capt. In 2018 he and his wife, Justine Simon '06, who live outside Portland, Maine, started Running Tide. OpenAir is excited to present , an online event series that explores the wide range of carbon dioxide removal (CDR) solutions currently being researched, developed, and deployed, and discusses them in the context of CDR policies OpenAir seeks to formulate and advance at every level of government in the U.S., as well as in national and subnational jurisdictions globally. Were not saying dont do it. Running Tide Profile and History . At the heart of the project lies kelp, a variety of large, brown seaweed recognized for its ability to rapidly absorb carbon dioxide, the heat . -- CEO Marty Odlin to your collection. Marty Odlin's Phone Number and Email. In this episode of This Is CDR we are pleased to welcome Marty Odlin of Running Tide. . ", Marty Odlin, CEO of Running Tide Technologies, in its workshop on Portland's waterfront. As a kid growing up on the Gulf of Maine, hed jump from boat to boat on Portland docks humming with the kind of energy that once hauled hundreds of thousands of pounds of cod into port each day. But executive director Brad Ack says all that will be weighed in the context of the urgency of combating climate change. This week we are pleased to welcome Running Tide CEO Marty Odlin back to This Is CDR to tell us what's new at the company since he was last with us in November 2021, and what we can expect to see from Running Tide in 2023 and beyond. He said the company currently has 17 scientists, seven with PhDs, who have expertise in agronomy and ocean science. This is hard work. Not just because the water is so warm that they are finding more and more Caribbean trigger fish in lobster traps, but because every ton of fossil fuel burned also makes the sea more acidic. In the race to stall or even reverse global warming, new efforts are in the works to pull carbon dioxide out of the air and put it somewhere safe. -- CEO Marty Odlin with your friends. We are losing our way of life, our livelihoods, and our sense of community and continuity. They would also cast shadows that might distort the behavior of deep-sea zooplankton and fish known to migrate upwards around dusk to avoid getting eaten. The venture-backed startup believes kelp could be a powerful tool to combat climate change. Marty Odlin is Founder and CEO of Running Tide, a Maine-based company seeking to harness, accelerate, and scale the most impactful restorative processes naturally at work in the ocean to build a climate positive future. All this anxiety, all this frustration that people have, its just because we havent been unleashed. What we learned in Iceland helped us reimagine our family business back home. Our CEO, Marty Odlin, conceptualizes the first microforest. Our first macroalgae and shellfish are produced in Casco Bay, Maine. "Right now it's purely a production facility," he said of the hatchery. We deploy North Americas largest distribution of macroalgae lines. The company has recently explored using wood buoys that are coated in limestone, which may ease ocean acidification as well, as The Atlantic recently reported. On the private sector side, Canadian e-commerce giant Shopify is among the tech companies pledging to prepurchase $1 billion worth of carbon credits from startups like Running Tide, with the hope that other corporations will follow. In 2018 he and his wife, Justine Simon 06, who live outside Portland, Maine, started Running Tide. Eat more oysters. PORTLAND, Maine CNN Marty Odlin just wanted to go fishing. Expert advisors assembled by Ocean Visions will support the development of an environmental impact assessment, provide expertise related to ocean circulation data, and offer insight into the regulatory landscape for ocean-based carbon dioxide removal research occurring in international waters. Fred Bever/Maine Public This is in fact an example of us respecting and trusting scientific consensus., Some of the concerns that you raise seem to be rooted in decontextualized ideas that emerged during our open and inclusive early-stage, company-wide brainstorming events and thought experiments, where we consider without judgment the range of all possible ways to solve difficult challenges, he wrote, adding that there are many steps between potential ideas emerging from these brainstorming sessions and their implementation as a carbon removal strategy.. What were trying to do is blow some cold air into a debate thats been done in a pretty cavalier fashion so far, he says. Our proprietary verification system is operational. But the mackerel swam north and hasnt come back. Ocean Visions and Running Tide Convene an Independent Scientific Advisory Board, White Paper: Carbon Removal Is Mass Transfer From Fast to Slow Carbon Cycles, Honoring Our Veterans and Engaging Them in the Fight Against Climate Change, human beings have moved more than 1.5 trillion tons of carbon, The ocean is the single largest sink of anthropogenic carbon. Stay tuned with the most relevant events happening around you. Save Running Tide Update: What's New in 2023?

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