Founded by friends Andy Miller and Pete Christensen, Loamist is on the mission to increase access to low carbon feedstocks, Loamist's software solutions make it easier and faster for companies to locate and evaluate biomass supply.
"Loamist envisions a future where biomass feedstocks are central to achieving carbon-negative and carbon-neutral fuels, chemicals, and materials," said Miller, CEO of Loamist. "Our innovative approach in locating and validating biomass resources positions us at the forefront of a major shift towards sustainable feedstocks by helping projects get off the ground faster.”
According to Miller, “Waste biomass, comprising parts of plants and forest trimmings, is often overlooked despite its abundance. Globally, approximately 8 billion tons of biomass are wasted annually, with 550 million tons in the United States alone.”
Miller sees waste biomass as a valuable resource for clean energy, aiming to replace fossil fuels. He notes the increasing demand for Renewable Diesel, Sustainable Aviation Fuel, and Green Hydrogen, which will require 10 billion tons of waste biomass.
Utilizing biomass as a feedstock can offset emissions and generate carbon credits for long-term storage, making it a valuable asset in carbon accounting and sustainability efforts.
Despite its abundance, low cost and widespread utility, waste biomass remains largely inaccessible. The supply chain for biomass is not well established, and many challenges exist for customers looking to locate, let alone use this abundant resource.
Simply locating this material is a challenge, and locating this material quickly and repeatedly in new locations is important to scale the Bioeconomy. The Biden administration has recognized this in their recent Vision, Needs, and Proposed Actions for Data for the Bioeconomy Initiative.
Loamist's Biomass Explorer™ provides real-time mapping and detailed data visualization, enabling efficient location and evaluation of biomass resources. This solution has the potential to accelerate climatetech project development by reducing the time and cost to assess supply chain risk.
With an ambitious goal to facilitate the utilization of 100 million tons of waste biomass by 2030, Loamist's strategy revolves around transparency, aligning with and enabling climatetech companies to move faster.
"Our Biomass Explorer™ tool is just the beginning," added Christensen, co-founder and COO. "We are dedicated to building a digital industrial platform for biomass, offering a suite of products that cater to the unique demands of this emerging market."
