Tel Aviv --
April 6, 2016:
NewCO2Fuels (NCF) has this week been selected as a
for Red Herring's
Top 100 Europe award
, a prestigious list honoring the year's most promising private technology ventures from the European business region.
Located adjacent to the prestigious Weizmann Institute of Science outside of Tel Aviv, NewCO2Fuels stands out amongst clean tech companies by having created a self-sufficient system that requires no additional feedstock or energy source other than waste streams namely CO2 and excess heat of major energy-based industries. NCF'S heat-powered and CO2-reducing plant allows companies to transform their harmful, earth-threatening waste into a clean, sustainable "syngas" that can be converted into commodities such as chemicals, fertilizers and fuels.
The Red Herring editorial team selects the most innovative companies from a pool of hundreds from across Europe. The nominees are evaluated on 20 main quantitative and qualitative criterion, including disruptive impact, market footprint, proof of concept, financial performance, technology innovation, social value, quality of management, execution of strategy and integration into their respective industries.
NewCO2Fuels was assessed by Red Herring for its unique potential, which was complemented by a review of the actual track record and standing of a company. This makes the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.
"We are elated to have been selected and recognized by Red Herring as a leader of innovation and technology with a serious answer to global climate change," said David Banitt, CEO/Founder, NewC02Fuels. "Each award and accolade is joining the long list of companies, organizations and customers appreciating the innovation as well as the real need of our product not only on practical ground but also on the global urgent need to transform emissions into commodities and profits."
Among NCF's growing international validation and recognition is the receiving of several awards and grants, including: the winner of "Innovation Potential" at The 2015 International Quality Innovation of the year awards ceremony in Estonia, The 2014 World Technology Network (WTN) award for Energy (corporate category), joining a prestigious list of past WTN award dinners including 3M, Amazon, Google and Facebook and others; naming by the Australian Government as a future fuel in its Alternative Liquid Fuel Technology Assessment report; The BIRD Foundation supporting a joint development of NCF and Acumentrics from the US; and the awarding of several grants from the Israeli Government to assist in the development of its innovative product.