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Producing incentive free competitive priced fuel from CO2 & H2O using renewable heat sources, proposing an attractive business opportunity.

  • Stage Product In Development
  • Industry Clean Technology
  • Location Rehovot, IL
  • Currency USD
  • Founded June 2011
  • Employees 16
  • Website

Company Summary

NewCo2fuels taps on the expansion of energy demand, growing awareness of energy security and CO2 emission. A breakthrough technology is harnessed into a system that produces fuel (Syngas) from CO2 and H2O at high tempeature extracted from gasifiers, steel furnaces, solar etc. The innovative system design exhibits >40% conversion efficiency from heat to chemical energy, enabling competitiveness and profitability of product owners and company.


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    David Banitt

    Mr. David Banitt has more than 30 years’ experience in product development, marketing and senior management in the High-Tech industry, including multidisciplinary systems, electro-optics and energy products. Holds a B.Sc. in electrical engineering from the Tel-Aviv University, Israel.

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    David Scheiner
    VP Product Development

    Dr. David Scheiner has over 15 years of experience in product development and management in the high-tech industry. He was previously CTO and VP R&D at BrightView Systems and CTO at Nova Measuring Instruments. He holds a B.Sc. and M.Sc. in electrical engineering from the Technion – Israel Institute of Technology and a Ph.D. in physics from the Weizmann Institute of Science.

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    Uzi Aharony
    VO Operation

    Mr. Uzi Aharony has more than 25 years of experience in a variety of industries in product development, operation and manufacturing. Holds a B.Sc. in mechanical engineering from the Technion-Israel Institute of Technology and M.Sc. in manufacturing systems engineering gained at Stanford University, California, U.S.A.

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    Julie Horn
    Marketing and Business development manager

    Ms. Julie Horn – Holds a M.Sc. in Business Engineering and an M.A. in International Management both from the University of Brussels (Belgium). Prior to joining NCF, Julie worked in the financial industry as a financial consultant for major multinationals in the material and utility sector and for the Belgian energy suppliers.

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    Jacob Karni
    Technology Consultant

    Professor Jacob Karni – Holds a B.Sc. in civil engineering, M.Sc. and Ph.D in mechanical engineering, gained at the University of Minnesota. Over 20 years of research and development of concentration, absorption, conversion transmission and storage of concentrated solar energy at the Weizmann Institute of Science.


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    Sarir, Shiv
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Previous Investors

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    GreenEarth Energy, Australia
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    Erdi Fuels, Australia