As we all know, VIV own 33% of New CO2 Fuels - an Israeli...

As we all know, VIV own 33% of New CO2 Fuels - an Israeli company that has developed a method to produce fuel from CO2 water and renewable energy with 40% conversion efficiency - the highest in the world. This is profitable even without subsidies or incentives for the private sector. It will only become more profitable as climate change takes more of a toll on industry.

A major application is to the steel industry.

http://www.newco2fuels.co.il/product/14/steel-

Germany is the biggest steel producer in the EU and the seventh biggest worldwide. As a basic industry, the steel sector is of great importance for value chains in Germany. The many innovations from this branch of industry and its close integration with other sectors contribute to the success of e.g. the automotive and machinery industries.

https://www.thyssenkrupp.com/en/carbon2chem/

ThyssenKrupp is spearheading an initiative to utilize carbon dioxide from steel mill gases.



The central idea: A cross-industry solution with utility providers and additional technology companies on board promises better results than the isolated efforts to reduce CO₂ emissions that have been pursued to date. If the technology transfer project, which is scheduled to last ten years, becomes a success, the key steel, chemical, and energy industries will interlink their value chains in future – jointly saving valuable raw materials and reducing CO₂ emissions.

NCF's solution produces fuel from CO₂ and H₂O using available high temperature heat sources to drive a thermo-chemical reactor, in which the CO₂ and H₂O are dissociated at ~850°C. The waste heat from steel plants, available for example in the slag, could be used as heat source for NCF’s reactor.

Perhaps NCF's European partner in the steel industry has also recognised the potential synergies and commercial viability of NCF technology, and we can only hope that they look to incorporate this into their roadmap.

Management - we need an NCF update stat!