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Global warming is arguably the biggest issue of our time. According to a 2018 report by the UN Intergovernmental Panel on Climate Change IPPC) drastic action must be taken within the next twelve years to keep global warming within a 1.5°C rise. With fossil fuels still accounting for around 80% of the world's energy consumption and demand continuing to grow, the report recommended that governments work harder to find an alternative. NextFuel could well be the answer.
CO2 negative fuel presented at the climate summit
NextFuel AB is a Scandinavian clean tech company with an innovative proven technology that transforms plant matter - grasses and the byproduct of agricultural produce - into a new CO2 negative fuel. NextFuel can be used as a substitute for any fossil fuel and is significantly cheaper in most markets.
NextFuel presented their technological breakthrough at the UN Climate Summit (COP24) December 12, and was back in April chosen as one of the best practice projects by Arnold Schwarzenegger's R20 Regions of Climate Action at the Austrian World Summit.
NextFuel already have their first factory in production in Austria, and are in the process of implementing two large-scale industrial projects in East Africa and South America. Further projects are being considered in Europe, Asia and other African regions. The team at NextFuel plan to begin exporting and licensing the technology to companies around the world as soon as possible.
NextFuel CEO Stefano Romano is also the joint largest investor in the company and when receiving the award, highlighted the importance of NextFuel working together with companies from all around the world to fast spread the new technology globally.
"To scale fast and impact climate change, we need to work together with existing industrial and energy companies through joint ventures or by licensing the technology to them," he said.
NextFuel | http://www.nextfuel.com
BWM | http://www.bwmonline.com