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NewCO2Fuels Seeks Funding for Trial Plant to Turn CO2 Into Fuel

NewCO2Fuels Ltd., an Israeli producer of systems that convert carbon dioxide emissions into synthetic gas, is seeking to close a Series B round to build a commercial-scale plant to further test its technology.

NewCO2Fuels has received a $3 million commitment from Greenearth Energy Ltd., an original investor, and will require about $5 million more to complete a trial plant, according to Chief Executive Officer David Banitt.