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NewCO2Fuels: How can a new economic solution reduce greenhouse gas emissions and combat global warming?

NewCO2Fuels offers a genuine, economical solution to combat global warming by reducing greenhouse gas emissions.

 

NewCO2Fuels offers a genuine, economical solution to combat global warming by reducing greenhouse gas emissions. NewCO2Fuels 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. The NCF plant produces incentive free, synthetic fuel and/or chemicals by recycling greenhouse gases using renewable energy sources. These products eventually can be sold at market prices leaving additional profits to the users.

Recently, world leaders met at the United Nations to define and agree upon the Sustainable Development Goals.  How much hope is there that they will actually deliver on what they promised?

All we can do is hope that they will keep their promises of a cleaner and better world. This is essential if we want to leave a sustainable, healthy world for the next generations. In the last years, we have seen a rise in new research, initiatives and projects related to renewable energy under various forms, all leading to solutions to tackle today’s environmental problem. It is the first time we are so equipped and that so many solutions are there or just around the corner and we need to hope that the strong message from the world leaders will inspire and give us the means to achieve the discussed sustainable development goals.

There must have been an experience at some time of your life that led you down the path to do what you do. Could you expand on that?

Environmental issues always seem way too big for an individual to address. But in the last decade we could see initiatives, some driven by government and some by individual that made things better. Water treatment solutions and river cleaning projects changed the landscape in Israel, showing that things can be done. We were proved that individuals with the right spirit, determination and entrepreneurship can make a difference.

The Worlds Stage is looking for amazing people and initiatives that are developing sustainable solutions for us all.  To be considered for inclusion, please send us details about your initiative HERE. Thank you.

 In the simplest terms, how do you describe the benefit of your initiative and the solution you offer?

NewCO2Fuels offers a genuine, economical solution to combat global warming by reducing greenhouse gas emissions. NewCO2Fuels 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. The NCF plant produces incentive free, synthetic fuel and/or chemicals by recycling greenhouse gases using renewable energy sources. These products eventually can be sold at market prices leaving additional profits to the users.

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.

What were the steps you took to enable your initiatives success?

It has been very important from the start to align expectations, terminology and goals between the company we were setting up, the academia from where to technology originated and our investors. In order to correctly transfer the knowledge from the academia to the company we have hired the main scientists that used to work on the technology for years and set up a research agreement with the academia to fund future research on this topic.

In addition, we have collaborated with Israel’s Ministry of Energy who provides not only grants but also non-financial support for young starts up in the energy environment. There were several additional important steps – set up a multi-disciplinary staff of talented individuals and to cast them into a highly functioning team, build relationships with potential customers to profoundly understand their needs and restrictions while collaborating with partners around the world in complementary technology and equipment.

 


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How important is creative visualization in the ability to create and forecast the future needs of society?

Creative Visualization is a vital, indispensable characteristic needed to shape the future. This is best shown by two famous quote “The stone age did not end because a lack of stones” and as Henry Ford put it “If I had asked people what they wanted, they would have said faster horses.”

Innovation and inspiration is needed in order to share our future, we are now at a crossroad where technology helped us leap forward but there is still a very long way to go. In order to shape our future in a good way, that will be healthy for new generations, we need to keep inventing new and better technologies to produce our basic materials such as steel and aluminum, find ways to produce harmless chemicals that are used today in many products people use on a daily basis such as cosmetics, home appliances and fertilizers. We need to find cleaner mobility and continue to inspire people to use renewable energy. All of this is only possible if someone; an engineer, researcher or entrepreneur visualize the needs of the future and visualize how to convert this needs into new technology and products. The world depends on these innovators and we need to do all we can to support them.


 While there are many initiatives in your sector, what do you believe seperates you from the others?

There are several differentiators between NewCO2Fuels’ technology and other technologies that aim to utilize Carbon Dioxide emissions for a useful purpose. We strongly believe we need a multitude of technologies, all offering their unique solution with their unique advantage.

Our main advantages are threefold.

1)      We have the only technology that proposes to use waste heat to drive the process making it unique to the target industries. This also means we only use a waste energy source and don’t need to tap into an energy source that would otherwise be used for a meaningful purpose.

2)   As we are operating at high temperature heat and developed a unique system concept we are able to run at a very high efficiency level resulting in products that can be sold on the market with a high profitability.

3)  We are proposing a flexible design that can adapt to the various conditions in different plants, geographic location and market situations making it a solution that can seamlessly strive in various industries and various needs.

Are there any initiatives and/or projects that you’re working on now that you can talk about

We are currently focusing on our main project, the conversion of CO2 to alternative fuels and chemicals using high temperature heat. This is on its own a very big and captivating venture and we do not want to be working on any alternative projects at the moment.

We are currently focusing on finalizing the terms to set up a pilot plant at a large coal fired power plant in order to demonstrate our product can work in a real live environment. Simultaneously we are in serious discussions with three other companies to set up a second pilot plant in gasification plants and a steel factory where the heat and CO2 will be directly obtained from the plant to the NewCO2Fuels’ Pilot

NewCO2fuels can be found here.

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