Benefits for Businesses and Society
A key challenge in terms of fighting climate change and increasing energy security, is the question of cost. Since most of the world's energy infrastructure is based on the burning of fossil fuels, many countries find it both expensive and inconvenient to switch to renewable energy sources. They do not want to go green because they fear this could hurt their economic growth and development.
Thanks to our technological breakthrough, this is no longer a problem. We can provide clean profit for businesses and create new green jobs all around the world.
Our new fuel doesn't rely on government subsidies, can compete directly with fossil fuels in terms of prices, and uses the same infrastructure. It is a profitable solution to climate change due to its low cost and many benefits for business and society:
NextFuel is CO2 negative since it releases less CO2 when burned than what is absorbed from the atmosphere when the grass is growing. This means that mankind is actually reducing the CO2 in the atmosphere when switching from fossil fuels to our fuel.
It also burns nearly smokeless, and drastically reduces smog problems in cities with pollution problems. It can even replace charcoal and be used as a clean cooking fuel in developing countries which saves both forests and lives.
The production process itself creates surplus energy ready to be distributed to the local communities, providing electricity, economic growth and new jobs to developing countries. Our fuel is ready to power the planet for the future, long after every fossil fuel source runs out.
NextFuel is made from grass that grows on marginal land not suitable for food production. It stores so much carbon in the soil surrounding the roots, that the land becomes fertile and can later be used for food production. In the long run, our process reverses desertification and increases food security. By replacing charcoal, it also reduces the need for wood and thereby slows deforestation.
Because our fuel is cheaper than oil, it can outcompete fossil fuels in most of our targeted markets. It can be used directly in today’s energy infrastructure, and manufacturing industries can easily switch from fossil fuel without hurting their profit. Countries no longer have to choose between economic growth or fighting climate change.
Our process is the world’s cheapest form for carbon capture outperforming today’s BECCS and CCS technologies. Instead of huge investments at the plants, companies can invest in grass planting projects and profitably capture CO2 only months after it is released. The more land areas we develop, and the more fuel we produce, the more CO2 is captured from the atmosphere and stored below ground.