Introducing the world’s first CO2 negative fuel at the UN Climate Summit

Source: press release, 4 December 2018

By licensing the technology from NextFuel, energy companies can keep their existing energy infrastructure and replace oil, natural gas and coal with the CO2 negative NextFuel briquette
By licensing the technology from NextFuel, energy companies can keep their existing energy infrastructure and replace oil, natural gas and coal with the CO2 negative NextFuel briquette (photo: NextFuel)

NextFuel has introduced a completely new energy solution to climate change that is COnegative, cheap, profitable and massively scalable. Their COnegative fuel briquette, made from elephant grass, is cheaper than oil and cheaper than coal in most markets. A coal plant can, without any investments, directly replace some or all of its coal with this clean alternative.

Using an existing, operational plant in Austria, NextFuel the production of the COnegative fuel briquette is inexpensive and massively scalable. Made from fast growing elephant grass on marginal land, the NextFuel briquette favourably competes with the rising cost of oil and the price of coal in most markets.

The new technology has been tested and proven. The company has the first operational plant in Austria. They are currently implementing the first large projects in East-Africa and South America, and NextFuel was recently chosen as a best practice project by Arnold Schwarzenegger’s R20 Austrian World Summit.

This technological breakthrough will be presented at the UN Climate Summit on December 12, in Katowice, Poland. An estimated 20 thousand people from 190 countries will take part in the event, including politicians, representatives of non-governmental organisations, the scientific community and business sector. NextFuel has been invited by the Austrian Government that has the presidency of the EU Council.

The UN’s Intergovernmental Panel on Climate Change (ICPP) new report focused on a process known as BECCS (burning organic material of wood for energy – with carbon capture and storage) as the best climate solution for reaching the 1.5° C target fast enough. The NextFuel solution that focuses on grass instead of wood avoids many of the drawbacks of BECCS, while makes it possible to reach this target faster for far less costs.

Learn more about the technology at www.nextfuel.com