NEVE YARAK, ISRAEL - Save Foods, Inc. (NASDAQ: SVFD), an agri-food tech company, has announced that its majority-owned subsidiary, Nitrousink Ltd., has filed for a U.S. patent for a new solution aimed at reducing nitrous oxide emissions from wheat. The patent application is part of Nitrousink's broader strategy to address the environmental impact of agriculture, focusing on nitrous oxide, a greenhouse gas with significant global warming potential.
Nitrousink has isolated two bacteria species that can decrease nitrous oxide emissions in various conditions from wheat roots. The company's research team is currently testing the technology in greenhouse conditions to optimize the formula for wheat crops. Further testing on micro field plots is planned to refine the solution's effectiveness across different soil types, dosages, and crop varieties.
Commonly referred to as the "forgotten greenhouse gas," nitrous oxide is 265 times more potent than carbon dioxide in terms of its warming effect on the planet. By developing this technology, Nitrousink aims to offer an economically viable and environmentally friendly agricultural practice.
The innovation also positions Save Foods to enter the carbon credit market, leveraging the growth of the global wheat seed market, which is projected to expand from $5.3B in 2023 to $7.6B by 2032, growing at a CAGR of 3.84% from 2024 to 2032, according to the IMARC Group.
Save Foods operates through three subsidiaries, each focusing on different aspects of food safety, quality, and sustainability. Save Foods Ltd. concentrates on post-harvest treatment to reduce pathogen contamination and chemical use in fruits and vegetables. Plantify Foods, Inc., a minority-owned subsidiary, provides a range of clean-label, nutritious food options.
The information in this article is based on a press release statement. The patent application's approval is not guaranteed, and the effectiveness of Nitrousink's technology in real-world applications remains to be seen.
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