re: Ann: NewCO2Fuels signs agreements with tw...
Algen, you are right after all!
** the largest steel manufacturer in the world **,
mentioned in Jpost ans Israelnewtech
- it has to be ArcelorMittal
Dyor.
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In terms of their path toward commercial operation, NCF last week signed a memorandum of understanding with two companies in Europe –
** the largest steel manufacturer in the world and an engineering and equipment supplier, Banitt told the Post.
Together, the team plans to build a demonstration and pilot plant in Belgium, and an official agreement will be solidified within a year, he said. If all goes as planned, the European project will kick off in about 18 months, he added.
In addition to taking part in this understanding, NCF has agreed to collaborate with an international company that focuses on energy intensive equipment, in order to apply for a project grant from the United States Department of Energy. The two firms plan to test their products together, and upon success, integrate the two, Banitt said.
“Now that we are getting more and more reassurance from the market that we are proposing to them has real economic potential, we are more confident that we are doing the right thing,” he added.
New CO2 Fuels Transforms Water Into Fuels http://israelnewtech.com/2014/04/new-co2-fuels-transforms-water-fuels/ http://israelnewtech.com/2014/04/new-co2-fuels-transforms-water-fuels/
Israeli startup aims to harness excess industrial heat to transform CO2, water into fuel http://www.jpost.com/Enviro-Tech/Israeli-startup-aims-to-harness-excess-industrial-heat-to-transform-CO2-water-into-fuel-350788
GER Price at posting:
7.2¢ Sentiment: LT Buy Disclosure: Held
