September 17 (SeeNews) - Israeli clean energy firm NewCO2Fuels Ltd (NCF) is in final discussions to install and test its technology for the conversion of carbon dioxide emissions into fuel at a large industrial coal-fired power plant.
Australian firm Greenearth Energy Ltd (ASX:GER), which holds a minority stake in the Israeli company, said in an update on Thursday that NCF is in talks with a large corporation for the project, without disclosing the name or location.
The NCF engineering team has progressed the design and development of its first large-scale pilot plant. It will have two commercial reaction units able to turn around 160 tonnes carbon dioxide (CO2) annually into fuel and oxygen. It will have a CO2 processing capacity equal to the CO2 absorption capacity of roughly 6,000 mature trees, according to Greenearth Energy’s statement.