Emerging Fuels Technology, Inc. and CAPHENIA GmbH announce MOU
to leverage each other's technology to produce efficient
Sustainable Aviation Fuel (SAF) and sustainable diesel. Their
combined technology will be capable of producing these globally
sought-after sustainable fuels at scale.
TULSA,
Okla., May 21, 2024 /PRNewswire-PRWeb/ -- To
capitalize on the fast growing demand for SAF, CAPHENIA GmbH, a
pioneer in the development of sustainable synthesis gas
technologies, and US based Emerging Fuels Technology, Inc. (EFT), a
global leader in Fischer-Tropsch synthesis, are pleased to announce
they have signed a memorandum of understanding to integrate their
technologies for the production of SAF and renewable diesel. This
cooperation will optimize CAPHENIA's leading Plasma Boudouard
Reactor (PBR) technology with EFT's Fischer Tropsch and upgrading
"Technology Platform" to significantly improve the efficiency and
scalability of SAF production. The MOU also provides for Caphenia
to acquire license rights to combine its sygas technology with
EFT's Technology Platform for multiple projects.
"Our Memorandum of Understanding reflects
our shared commitment to developing efficient, globally scalable
sustainable fuel solutions that will significantly contribute to
supplying the global demand for SAF for airlines worldwide."
Kenneth L. Agee, president of
EFT
Innovative technology for the conversion of (bio)methane (CH4)
and CO₂
CAPHENIA, based in Bernau am Chiemsee, specializes in the
conversion of (bio)methane (CH4) and CO₂ into high-quality
synthesis gas, which serves as the basis for the production of
hydrogen and renewable liquid fuels, especially SAF. Its PBR
technology enables the efficient transformation of methane and CO₂
into syngas, which is then converted into liquid fuels using EFT's
advanced Fischer-Tropsch and upgrading technology.
EFT's expertise in Fischer-Tropsch synthesis and upgrading
technology
US based EFT, with decades of experience, is a leader in the
development of synthetic and renewable fuels. EFT's Technology
Platform ideally complements CAPHENIA's strategic direction and
enables efficient production of SAF and renewable diesel on a very
large scale.
Common goals and technology integration
"This agreement marks a significant step in our mission to make
aviation more sustainable," said Dr. Mark
Misselhorn, CEO of CAPHENIA. "The integration of EFT's
highly regarded catalyst and reactor technologies will accelerate
market entry for SAF and renewable diesel, providing a rapidly
scalable alternative to established SAF technologies."
Kenneth L. Agee, president of
EFT, emphasized the strategic importance of this agreement: "Our
Memorandum of Understanding reflects our shared commitment to
developing efficient, globally scalable sustainable fuel solutions
that will significantly contribute to supplying the global demand
for SAF for airlines worldwide."
Revolutionary technology and sustainable mobility
CAPHENIA has developed the Power-and-Biogas-to-Liquid (PBtL)
reactor, which requires significantly less electricity than
conventional processes and enables a CO₂ reduction of up to 92
percent.
The selectively controllable CAPHENIA 3-in-1 zone reactor and
the unique plasma process break down bio-methane into its
components carbon and hydrogen. By adding carbon dioxide and water
this highly efficient technology produces a synthesis gas that can
be processed into renewable fuels and other chemical products
without any by-products and minimal energy loss. The reactors are
designed for scalability and make it possible to produce large
quantities quickly. This technology offers a competitive and
sustainable alternative for reducing greenhouse gas emissions in
the transportation sector.
About CAPHENIA GmbH
CAPHENIA is a cleantech company focused on the carbon-neutral
future of mobility through competitively priced sustainable fuels.
The company works closely with renowned partners such as MAN Energy
Solutions SE, the Max Planck Institute for Chemistry and the German
Aerospace Center.
About Emerging Fuels Technology
EFT is recognized as one of the world's leading technology
companies in Fischer-Tropsch synthesis. The company works closely
with providers of syngas technology to combine its Technology
Platform to make synthetic fuels from a variety of feedstocks such
as natural gas, flared gas, biogas, biomass, municipal solid waste,
CO2 and more.
Visit www.emergingfuels.com
Media Contact
Mark Agee, Emerging Fuels
Technology, Inc., 1 918-605-5456, magee@emergingfuels.com,
invest.emergingfuels.com
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SOURCE Emerging Fuels Technology, Inc.