Running Tide
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Running Tide developed ocean-based carbon removal, using floating materials and biological processes to move captured carbon into the deep ocean.
02 / Running Tide FAILURE REASONS
Failure reasons
The team attributed the shutdown to insufficient demand in the voluntary carbon market and an inability to finance continued research and expansion. This is management’s explanation, not proof that the underlying technology was ineffective.
03 / EVENT HISTORY
Events in the structured record
- Operations wound down
In June 2024 the company announced its wind-down and laid off its remaining staff.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Insufficient demand cited by management
- 02
Continued research could not secure financing
- 03
Operations wound down