NGV News
2 articles
Growth-Positive
Startup Aims High With 'Green' Jet Fuel Made From Waste
Israeli startup CarboNGV, a joint venture between researchers at Ben-Gurion University and the Ralco Group, has developed sustainable aviation fuel (SAF) that could help reduce the aviation industrys greenhouse gas emissions. The Ralco Group has invested over $2 million in the venture. CarboNGVs technology uses waste and other materials to produce the fuel in a sustainable way. The aviation industry aims to achieve net zero on carbon emissions by 2050, and CarboNGVs SAF could play a significant role in achieving this goal. The companys first demonstration plant is expected to become operational in 2025.
Investment
growth-positive
New venture to produce novel sustainable aviation fuel - ISRAEL21c
CarboNGV, a joint venture between the Ralco Group and the Blechner Center for Industrial Catalysis and Process Development, is set to advance a novel method for producing sustainable aviation fuel (SAF). The Ralco Group’s investment arm is injecting $2.4 million into this venture, which will transform a range of materials, including industrial waste, into synthetic fuel. The first demonstration plant is expected to be operational by 2025, producing SAF and contributing to a more sustainable future for air travel.
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