Locus Agricultural Solutions® (Locus AG), an Ohio-based agtech start-up and certified B Corp™, received an Outstanding Venture Award from the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) at its annual Industry Growth Forum (IGF). Investors and industry experts recognized the company for its soil probiotics and delivery system that boost agricultural yields and carbon sequestration while reducing costs and environmental impact.
As operators scramble to cut costs, the Texas Railroad Commission (RRC)—which oversees all oil & gas operations in the state, including the top U.S. oil producing Permian Basin—voted to approve a new 10-year H13 tax credit for use of a green EOR technology. Known as the AssurEOR program and developed by Houston-based oil innovation start-up Locus Bio-Energy Solutions, the biosurfactant treatments are the first cost-effective and environmentally friendly products proven to sustainably increase oil production by 40% or more and extend the lifespan of declining wells—boosting revenue and financial stability.
GHP Magazine has announced the winners of the 2020 Biotechnology Awards, naming Locus Fermentation Solutions (Locus FS) as Green Manufacturer of the Year. The Ohio-based start-up has gained recognition for its innovative technology, which enables the cost-effective production of customized solutions that outperform chemicals in a variety of industries—driving a global shift to the use of environmentally friendly products.
CarbonNOW™, an innovative program launched in January by Locus Agricultural Solutions® (Locus AG), was named yesterday as a Fast Company World Changing Ideas 2020 Awards finalist in the food category. CarbonNOW has the potential to address climate change and food security by monetizing carbon farming and providing access to a technology that accelerates carbon sequestration and boosts crop yields and nutrients.