New CO2 Fuels

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.