Could carbon-removing sand help slow climate change? Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the largest provider of dredging services in the U.S., could play a part in making that happen. It has just entered a first-of-its-kind partnership with Project Vesta, a clean technology pioneer developing a new way to use sand to remove excess carbon dioxide from the atmosphere.
Known as “Coastal Carbon Capture,” Project Vesta’s method accelerates the earth’s natural carbon removal process by using a natural rock turned into carbon-removing sand. According to a report by the National Academy of Sciences, this technique has the potential to remove billions of tons of carbon dioxide from the atmosphere and reduce ocean acidification.
The video explains the basics.
“We are committed to robustly furthering the science of Coastal Carbon Capture,” said Tom Green, CEO of Project Vesta. “Our partnership with Great Lakes will enable us to accelerate our research and help coastal communities fight both the cause and symptoms of climate change.”
“This partnership will help make Great Lakes a more effective participant in the effort to address coastal erosion and climate change impacts,” said Great Lakes’ Senior Vice President Bill Hanson. “We are proud to raise the bar on climate-change fighting technologies, and invite others in the coastal resilience industry to join this important cause.”
Great Lakes is the first member of the global dredging industry to announce participation in Project Vesta’s initiative. The two organizations will pursue joint research goals and develop new methods for the safe, effective use of coastal carbon capture.