This article describes a company trying to do just that. They want to figure out a way to sequester greenhouse gases and feed it to an algae farm (algae love greenhouse gases), which in turn is made into stockfeed for a more eco-friendly way to support livestock, which is another very environmentally costly enterprise. Perhaps, in the future, factories can use such a mechanism to reduce their carbon footprint, but it has yet to be developed, and the algae farm appears to require a significant amount infrastructure to work.
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