Tel Aviv -- February 1, 2016: NewCO2Fuels (NCF), an Israeli start-up which transforms CO2 emissions into a clean fuel that can be sold as a commodity at competitive prices, was anno unced as the winner of the "Innovation Potential" category during the 2015 International Quality Inno vation of the Year Awards Ceremony this month in Tallinn, Estonia.
NCF receives award of Innovation Potential
The International Quality Innovation of the Year selects winners from a total of 42 innovatio n proposals within seven different categories from 10 countries. NewCO2Fuels proceeded to win the International Competition for Innovation in the category of Innovation Potential for its revolutionary, cost-effective solutions for global concerns for the CO2 emission and resulting in global warming and received a signed letter of signification from the president of Finland.
Located adjacent to the prestigious Weizmann Institute of Science outside of Tel Aviv, NCF stands out amongst clean tech companies by having created a self-sufficient system that requires no additional feedstock or energy source other than waste streams namely CO2 and excess heat of major energy-based industries. NCF'S heat-powered and CO2-reducing plant allows companies to transform their harmful, earth-threatening waste into a clean, sustainable "syngas" that can be converted into commodities such as chemicals, fertilizers and fuels.
With the recent Paris Summit (COP21) behind us, international business and government sectors connected with green innovation companies in order to accelerate both international sustainable development and the 'green economy'. NewCO2Fuels offers a viable economic solution while reducing green house gas emissions. These clean products can be sold at present market prices while being profitable to their producers with no need of governmental incentives or subsidies.
Among NCF's growing international validation and recognition is the receiving of several awards and grants, including: The 2014 World Technology Network (WTN) award for Energy (corporate category), joining a prestigious list of past WTN award dinners including 3M, Amazon, Google and Facebook and others; naming by the Australian Government as a future fuel in its Alternative Liquid Fuel Technology Assessment report; The BIRD Foundation supporting a joint development of NCF and Acumentrics from the US; and the awarding of several grants from the Israeli Government to assist in the development of its innovative product.
For more information about NewCO2Fuels, visit http://www.newco2fuels.co.il/