About
NewCO2Fuels commercializes a technology that uses high-temperature CO2 dissociation to convert CO2 into a variety of fuels. The core technology is a high-temperature-driven CO2 and water dissociation process that produces syngas, a mixture of CO and H2, from which various synthetic fuels and chemicals can be produced. The technology's advantage lies in the overall 40% conversion efficiency of the process, enabling competitive prices without any government incentives for end-product fuels while recycling CO2 emissions. NewCO2Fuels is a subsidiary of GreenEarth Energy Limited. Its technology was conceived by Professor Jacob Karni's laboratory at the Weizmann Institute of Science.
Funding history · 1 round · $11.0M total
Company Intelligence Q&A
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- What is the primary technology commercialized by NewCO2Fuels?
- NewCO2Fuels commercializes a technology that uses high-temperature CO2 dissociation to convert CO2 into various fuels, specifically producing syngas (a mixture of CO and H2) from CO2 and water.
- When did NewCO2Fuels cease operations?
- NewCO2Fuels ceased to operate in May 2022, and its status is currently inactive according to startupim data.
- What was the total amount raised by NewCO2Fuels in USD?
- NewCO2Fuels raised a total of $11,028,571 USD.
- Which organizations invested in NewCO2Fuels' Series A round?
- In January 2011, NewCO2Fuels secured Series A funding from investors including Erdi fuels and Greenearth Energy.
- What was the amount of the grant NewCO2Fuels received from the IIA in September 2015?
- NewCO2Fuels received a grant of $1,000,000 USD from the IIA in September 2015.
- Who conceived the core technology behind NewCO2Fuels?
- The core technology of NewCO2Fuels was conceived by Professor Jacob Karni's laboratory at the Weizmann Institute of Science.
- What was a significant partnership announced by NewCO2Fuels in May 2016?
- In May 2016, NewCO2Fuels signed an agreement with Sinopec, as reported by proactiveinvestors.com.au.
- How many employees did NewCO2Fuels have?
- NewCO2Fuels had an employee count in the range of 1-10.
- What is the conversion efficiency advantage of NewCO2Fuels' technology?
- The technology's advantage lies in an overall 40% conversion efficiency, which allows for competitive prices of end-product fuels without government incentives while recycling CO2 emissions.