article thumbnail

The Metals Company contracts CSIRO-led consortium to develop environmental monitoring and management plan for deep-sea nodule collection

Green Car Congress

The work will form the scientific foundation of TMC’s future Adaptive Management System (AMS), a predictive system that will use environmental and operational data to enable the company to mitigate operational impacts in the deep-sea environment as much as possible. —Gerard Barron, Chairman and CEO of The Metals Company. Earlier post.).

Nauru 397
article thumbnail

The Metals Company and Low Carbon Royalties form strategic partnership

Green Car Congress

to finance the development and production of low-carbon fuels and energy transition metals. gross overriding royalty on any future revenue derived from TMC’s NORI area in the Clarion Clipperton Zone of the Pacific Ocean. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0%

Carbon 352
article thumbnail

DeepGreen lifecycle analysis argues for sourcing EV battery materials from deep-sea polymetallic nodules

Green Car Congress

Their removal kills the attached organisms and reduces the surface area available for future attachments. —Todd Cort, co-director of the Yale Center for Business and the Environment and Cary Krosinsky, lecturer in sustainable finance at the Yale School of Management.

Batteries 269