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Pitch

Turning CO2 from Liability into Opportunity by using renewable energy to convert CO2 into revenue making products i.e. fuels and chemicals


Description

Summary

Producing Fuel/chemicals from CO2 Using Renewable Heat Sources

NewCO2Fuels (NCF) revolutionary technology enables industries to reduce their CO2 emission by providing them with effective, revenue generating and clean means to convert those into valuable products. NCF plant produces incentive free,  revenue generating synthetic fuel and/or chemicals by recycling greenhouse gasses using renewable energy sources.

The company developed a technology that converts wasteful carbon dioxide (CO2) and water from large industrial plants into usable alternative fuels and chemicals. The system uses renewable electricity or renewable high temperature heat from excess heat of industrial plants to drive its process, hence creating a 100% self-sufficient and environmental friendly system. 

NCF’s product provides a long standing incentives-free profitable solution. Energy intensive industries (steel, gasification, glass...) can transform their waste streams, CO2 and surplus heat into valuable fuel and chemicals using NCF’s system and generate additional revenues

NCF successfully completed its prototype testing for high-temperature dissociation of carbon dioxide (CO2) as contained in industrial emissions into carbon monoxide (CO) and oxygen.

The technology and product are based on innovative concepts and highly professional in-house know-how using a large variety of disciplines. It is also protected by 6 patent applications, of which two have already been granted in several countries around the world.

NCF has a signed MOU with one of the world's largest steel making companies together with an international engineering firm to set up a pilot in Europe to demonstrate NCF’s system integration with the steel industry.

A second collaboration is established with a Europe-based global conglomerate to partner on product development for the integration of NCF product in the gasification industry.

NCF is collaborating closely with the Weizmann Institute of Science in Israel, where the technology originated, to further research and develop the next generation of the core technology.

Discussions and evaluations are conducted with additional potential partners; engineering companies, product suppliers and customers towards collaboration and equipment integration.

NCF has received the World Technology Network Awards under the Corporate Energy category.

The Australian Government has selected NCF technology as one of 18 sources for future fuels in a study conducted by the Australian Government’s Bureau of Resources and Energy Economics (BREE). The study is concluded in an Australian Liquid Fuel Technology Assessment (ALFTA) report.

Worley Parsons and Technip, global leaders in project management, engineering and construction for the energy industry, performed two independent technological evaluation of NCF during Q3 2013 and Q3 2014. Both reports clearly confirm the viability of the technology and recognize the competence and capability of NCF team to carry out the commercialization of the product.

 


Which plan do you select for China?

Cooling Climate Change in China!

Which plan do you select for India?

Enhanced Weathering using CO2 reversal and Implementation strategies in INDIA

Which plan do you select for the United States?

Unify America: Set the Example by Leading from the Front

Which plan do you select for Europe?

Cooling Climate Change in Europe!

Which plan do you select for other developing countries?

Cooling Climate Change in Developing Countries!

Which plan do you select for other developed countries?

Value not set.

What additional cross-regional proposals are included in your plan, if any?


How do the regional and cross-sectoral plans above fit together?

Each of these plans has as main focus the reduction of greenhouse gasses, that are important to combat global warming 


Explanation of the emissions scenario calculated in the Impact tab


What are the plan’s key benefits?


What are the plan’s costs?


What are the key challenges to enacting this plan?


Timeline


References