NewCO2Fuels Ltd., founded in 2011, commercializes a technology conceived by Prof. Jacob Karni’s laboratory at the Weizmann Institute of Science. Prof. Karni and his team conducted eight years of research on high-temperature CO2 dissociation and showed that the technology has the ability to convert CO2 into fuels.
NewCO2Fuels is managed by experienced executives in the high technology and cleantech industries and employs talented engineers working in collaboration with Prof. Karni’s team to develop and build an economically viable CO2-to-fuel reactor using solar thermal energy.
NewCO2Fuels Ltd. is a subsidiary of GreenEarth Energy Limited (ASX:GER), a diversified Australian renewable-energy company with interests in conventional geothermal resources as well as the development of new technologies in Australia and abroad.
For more information please visit: www.greenearthenergy.com.au
Funding for NewCO2Fuels is provided by ErdiFuels, a subsidiary of Erdi Group of Melbourne, Australia.
For more information please visit: www.erdigroup.com.au
The Weizmann Institute of Science, in Rehovot, Israel, from which NewCO2Fuels licensed the technology, is one of the world’s leading multidisciplinary research institutions. The Institute serves as a meeting place for scientists from different disciplines, setting the stage for multidisciplinary collaborations and the emergence of new research fields. To encourage this creative activity, the Institute has created some 50 multidisciplinary research centers. These centers stimulate activity in a wide range of fields, including brain research, cancer research, nanotechnology, renewable energy sources, experimental physics, biological physics, environmental studies, autoimmune disease research, plant sciences, photosynthesis, and genetics.
For more information please visit: www.weizmann.ac.il